Crypto investment firm CoinShares said it will begin trading on Nasdaq Wednesday through a merger with a special purpose acquisition company, or SPAC.
The company is merging with Vine Hill Capital to form the holding company CoinShares PLC. The deal closed late Tuesday, CNBC has learned. It was first announced in September, and it values the business at about $1.2 billion, including a $50 million investment from institutional investors. Shares will trade under the ticker CSHR.
CoinShares is a 12-year-old European asset manager with a focus on crypto assets, serving both institutional and retail investors. It offers structured investment products and funds – including the U.S.-listed CoinShares Bitcoin ETF – and manages $6 billion in…
