European cryptocurrency asset management firm CoinShares announced that it will begin trading on Nasdaq this Wednesday under the ticker symbol CSHR, through a merger with Vine Hill Capital's special purpose acquisition company (SPAC). The deal closed Tuesday evening, valuing the company at approximately $1.2 billion, including $50 million in institutional investment. CoinShares, founded 12 years ago, manages approximately $6 billion in assets and primarily serves institutional and retail investors, offering structured investment products and funds, including the CoinShares Bitcoin ETF listed in the US. CEO and co-founder Jean-Marie Mognetti stated that the US market has limited AUM (assets under management), and this listing will help the company rapidly expand into the US market through equity financing. (CNBC)