- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- Valkyrie Funds LLC, 320 Seven Springs Way, Suite 250, Nashville, Tennessee United States of America
- IPO Date
- Oct 6, 2025
- Business
- CoinShares Altcoins ETF (ticker: DIME) is an actively managed exchange-traded fund that provides diversified, equally weighted exposure to a basket of leading alternative cryptocurrencies, or altcoins, beyond Bitcoin and Ethereum; it achieves this by investing in publicly listed exchange-traded products (ETPs), exchange-traded notes (ETNs), and other pooled investment vehicles tracking Layer 1 altcoins across themes including high-speed blockchains, interoperability protocols, and emerging platforms. Initial holdings include ETPs linked to Solana (SOL), Polkadot (DOT), Cardano (ADA), Cosmos (ATOM), Sei (SEI), Avalanche (AVAX), Sui (SUI), Aptos (APT), Near Protocol (NEAR), and Toncoin (TON), with the fund seeking to track the CoinShares-Compass Altcoins Index through quarterly rebalancing to mitigate concentration risk. The ETF, with a total expense ratio of 0.95% (management fee waived on assets up to $1 billion through September 30, 2026), trades on Nasdaq and targets U.S. investors seeking altcoin access via standard brokerage accounts without direct crypto custody.
Launched on October 7, 2025, by CoinShares International Limited, a Jersey-headquartered digital asset manager founded in 2013 with over $10 billion in assets under management, DIME represents a major strategic expansion into the U.S. market to bridge the gap left by spot Bitcoin and Ethereum ETFs, unlocking approximately 70% of the previously inaccessible crypto market through traditional channels. As of December 2025, the fund reports assets under management of approximately $1.88 million, a net asset value around $12.54, and current holdings such as CoinShares Physical Staked Solana (SLNC), 21Shares Toncoin Staking ETP (TONN), and Bitwise NEAR Staking ETP, reflecting ongoing operations without reported acquisitions, partnerships, or further structural changes since inception. CoinShares International, publicly listed on Nasdaq Stockholm (CS) and OTCQX (CNSRF), operates globally with offices in Jersey, France, Stockholm, the UK, and the US, regulated by bodies including the Jersey Financial Services Commission and U.S. Financial Industry Regulatory Authority; key service providers for DIME include Valkyrie Funds LLC as advisor, Vident Asset Management as sub-advisor, U.S. Bank as custodian, and ALPS Distributors as distributor.