Coinshares Expands To US With New York Office

According to BlockBeats, European digital asset investment firm Coinshares International has announced the opening of a new office in New York City, marking a significant step in its U.S. expansion strategy. This move aims to strengthen the company's influence in the U.S. financial market and follows its acquisition of Valkyrie Funds. The newly established New York office will serve as the core of Coinshares' U.S. operations, enhancing the company's ability to serve the rapidly growing institutional and retail client base in the country. The company is actively recruiting for sales, marketing, and compliance positions to support this expansion plan. With the acquisition of Valkyrie Funds, Coinshares has increased its assets under management to $5.5 billion. Valkyrie Funds is known for its actively managed exchange-traded funds (ETFs), including popular products like the Coinshares Valkyrie Bitcoin Fund and the Miners ETF. Coinshares CEO Jean-Marie Mognetti stated, 'The establishment of the New York office is a milestone in our entry into the U.S. market, highlighting the growing importance of digital assets in the global financial ecosystem. This not only enhances our ability to collaborate with U.S. stakeholders but also solidifies our leading position in the development of the digital asset industry.'