CoinShares opened a new office in New York City, expanding its presence in the US market. The company's decision to establish a permanent presence in the region followed several major developments, including its acquisition of Valkyrie Funds LLC, a digital asset management firm offering ETFs.

Digital Asset Space

According to the official statement, CoinShares’ central office in New York City will serve as the base for the company’s US operations, which are set to expand rapidly in the coming years.

The company is reportedly actively recruiting in various departments, including sales, marketing, operations, and compliance, aimed at strengthening its presence in the American market. The company also aims to target US institutions with the new base.

The launch of CoinShares’ New York office comes as the firm builds on the success of its Valkyrie acquisition. Valkyrie’s portfolio of ETFs, including the CoinShares Valkyrie Bitcoin Fund and the Miners ETF, has significantly contributed to the firm’s US growth.

Following Valkyrie Acquisition

These products enabled CoinShares to increase its global assets under management to $5.5 billion. The new US office will act as a launchpad for future projects and offerings aimed at capitalizing on the increasing demand for digital asset investments.

Expect ongoing updates as this story evolves.