- Business
- CoinShares International Limited (Nasdaq Stockholm: CS; OTCQX: CNSRF) is a leading European digital asset manager that provides regulated investment products and services focused on cryptocurrencies and blockchain technology. The company operates through three primary segments—Asset Management, Capital Markets, and Principal Investments—and offers a comprehensive suite of products including crypto exchange-traded products (ETPs) such as CoinShares Physical, CoinShares XBT Provider, and CoinShares Valkyrie funds for European and U.S. investors; Valkyrie ETFs including the CoinShares Bitcoin Miners ETF (WGMI); robust indices covering equities, crypto, and gold; hedge fund solutions and actively managed strategies for professional investors; venture services; and capital markets services encompassing trading technology, support, and treasury management. CoinShares serves institutional, professional, and individual investors with passive and active exposure to digital assets like spot bitcoin, ether futures, leveraged bitcoin futures, bitcoin mining, thematic baskets, and crypto equity vehicles, while maintaining operations across Europe, the United States, Jersey, the UK, Sweden, France, and other regions. Founded in 2008 and headquartered in Saint Helier, Jersey, the company pioneered Europe's first bitcoin ETP in 2015 and changed its name from Global Advisors (Holdings) Limited in June 2020. Recent developments include the 2024 acquisition of Valkyrie Funds to drive U.S. expansion; the October 2025 announcement to acquire FCA-regulated Bastion Asset Management to enhance quantitative and actively managed crypto strategies, pending regulatory approval; a November 2025 business combination with Vine Hill Capital Investment Corp. valued at $1.2 billion to enable a Nasdaq listing in the U.S.; and the introduction of new U.S.-focused products leveraging institutional research and active management expertise, alongside the wind-down of its Bitcoin Futures Leveraged (BTFX) product to prioritize higher-margin opportunities.