Summary

CoinShares, a major European crypto asset management firm, has announced the launch of its hedge fund division, CoinShares Hedge Fund Solutions, in the United States. Despite the strict regulatory environment for cryptocurrencies in the US, the company aims to bridge the gap between institutional investors and the digital asset sector.

Introduction

CoinShares, a leading European crypto asset management firm, is making its foray into the US market by launching its hedge fund division, CoinShares Hedge Fund Solutions. This move comes despite the stringent regulatory atmosphere surrounding cryptocurrencies in the United States. The company aims to cater to the needs of institutional investors and bridge the gap between traditional finance and the digital asset sector.

Main Points

Lewis Fellas, the head of CoinShares Hedge Fund Solutions, acknowledges the evolving nature of the crypto market and the changing needs of institutional investors. The hedge fund division officially launched in August 2023, after months of strategizing and platform refinement. The new crypto investment solutions offered by CoinShares Hedge Fund Solutions aim to bring institutional investors closer to the digital asset space.

CoinShares Hedge Fund Solutions will market its products to eligible US investors through CoinShares Capital, a wholly-owned subsidiary of CoinShares and a licensed broker-dealer with the United States Financial Industry Regulatory Authority. CoinShares has been a pioneer in the crypto space, introducing the first ETP (exchange-traded product) based on Bitcoin in 2015 and the first ETP based on Ether in 2017.

Conclusion

Despite the challenging regulatory landscape in the US, CoinShares is venturing into the American market with its hedge fund division. By offering crypto investment solutions to institutional investors, the company aims to bridge the gap between traditional finance and the digital asset sector. CoinShares has a track record of innovation in the crypto industry and is now expanding its reach to cater to the growing demand for cryptocurrencies among US investors.