CoinShares to Go Public in US Through SPAC Deal
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European digital asset manager CoinShares will list on a US stock exchange through a merger with special purpose acquisition company (SPAC) Vine Hill Partners, according to a statement released on Monday.

The deal, which values CoinShares at approximately $1.2 billion, is backed by a $50 million institutional investment.

The merger will see the company, currently listed on the Stockholm Nasdaq, move to a US listing, placing it among the top four global crypto asset managers by crypto exchange-traded product AUM globally.

The move is designed to drive international expansion and provide US investors with direct access to its growth, taking advantage of stronger valuations and a favorable regulatory environment.

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