**Summary:**
CoinShares, a digital assets investment firm based in Jersey, Channel Islands, has exercised its option to buy Valkyrie Funds LLC, the crypto exchange-traded funds arm of US-based firm Valkyrie Investments Inc. The acquisition, amounting to $110 million, will add to CoinShares’ current assets under management of $4.5 billion and will enable the Europe-based asset manager to expand into the US market following the US Securities and Exchange Commission’s (SEC) approval of spot Bitcoin ETFs, including The Valkyrie Bitcoin Fund (BRRR).

**CoinShares Expands into the US Market with Acquisition of Valkyrie Funds**

CoinShares, a digital assets investment firm, has seized the opportunity to acquire Valkyrie Funds LLC, the crypto exchange-traded funds arm of Valkyrie Investments Inc. following the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC). This strategic move will not only bolster CoinShares’ assets under management (AUM) by $110 million but also pave the way for the Europe-based asset manager to venture into the US market.

The acquisition aligns with CoinShares’ aim to extend its successful European endeavors to the US, granting American investors access to regulated digital asset products. This expansion solidifies CoinShares’ determination to become a global leader in the digital asset space. The acquisition will also include Valkyrie’s existing ETF products, such as the recently approved Bitcoin Fund (BRRR) and previous offerings like Bitcoin and Ether Strategy ETF (BTF) and Bitcoin Miners ETF (WGMI).

The acquisition signifies a positive regulatory development for the crypto industry, further opening up opportunities for CoinShares to expand its foothold in the US market.

**FAQs**

1. **What is the significance of CoinShares’ acquisition of Valkyrie Funds?**
CoinShares’ acquisition of Valkyrie Funds highlights its expansion into the US market, following the SEC’s approval of spot Bitcoin ETFs. This move not only adds $110 million to CoinShares’ assets under management but also paves the way for the firm to offer regulated digital asset products to American investors.

2. **Which ETF products will be included in the acquisition?**
The acquisition will include Valkyrie’s existing ETF products, such as the recently approved Bitcoin Fund (BRRR) and previous offerings like Bitcoin and Ether Strategy ETF (BTF) and Bitcoin Miners ETF (WGMI).

3. **What are the implications of the SEC’s approval of spot Bitcoin ETFs?**
The SEC’s approval of spot Bitcoin ETFs marks a positive regulatory development for the crypto industry, providing opportunities for firms like CoinShares to expand their presence in the US market.