Crypto operator CoinShares launches U.S. hedge fund division
CoinShares, a European crypto investment firm, has launch ed a new hedge fund aimed at qualified U.S. investors as part of the company’s strategy to expand its geographical coverage. In a press statement, the firm said its new hedge fund division called “CoinShares Hedge Fund Solution” will be offering a diverse range of products, while CoinShares Capital, a FINRA-licensed broker-dealer, will be conducting “marketing activities.” Amid the news, CoinShares stocks on Sweden’s Nasdaq First North Growth Market jumped as much as 2.59% to 43,60 SEK ($3.90). You might also like: In addition to the hedge fund division , CoinShares also previously filed plans with the U.S. Securities and Exchange Commission (SEC) to launch two new crypto funds focusing on Bitcoin (BTC) and Ethereum (ETH) respectively. However, as Bloomberg noted, the two investment products are yet to process their first sales. In July 2023, CoinShares reported a significant i...