Crypto asset manager CoinShares (CSHR) to list on Nasdaq after $1.2 billion SPAC deal

CoinShares, a leading European digital asset manager with over $6 billion in assets under management, is set to list on the Nasdaq Stock Market under the ticker symbol CSHR following a $1.2 billion merger with Vine Hill Capital Investment Corp. This listing makes CoinShares the latest crypto firm to go public, joining BitGo, Circle, Bullish, and Gemini. The company specializes in crypto exchange-traded products (ETPs), managing 39 funds across four platforms, and generates revenue through recurring fees. CEO Jean-Marie Mognetti stated the company is diversifying its product and revenue mix, including expansion into listed asset management and decentralized finance. The move provides investors with a U.S.-based option for crypto market exposure and will support CoinShares’ U.S. expansion through product development and acquisitions, while also facilitating adaptation to evolving U.S. compliance standards.

(Source：CoinDesk)