tl;dr
CoinShares, a European digital asset fund manager with $10 billion in assets under management, is planning to go public on the Nasdaq in the U.S. through a deal with Vine Hill Capital Investment Corp., valuing the firm at $1.2 billion pre-money. This follows its current listing on Nasdaq Stockholm...
CoinShares Set to Make Big Move to Nasdaq as Crypto Firms Rally Under Trump's Regulatory Push
CoinShares, the European digital asset fund manager with $10 billion in assets under management, is making waves with its plan to go public on the Nasdaq in the U.S. The company has struck a deal with blank-check firm Vine Hill Capital Investment Corp., valuing CoinShares at $1.2 billion pre-money on a pro-forma basis. This move marks a dramatic shift for the Jersey-based firm, which currently lists its stock on Nasdaq Stockholm.
The news sent CoinShares shares surging to a 52-week high earlier in the day, trading about 1% higher on Monday. Once the U.S. listing is complete, the company will exit the Swedish exchange, signaling a bold step toward global expansion.
CoinShares CEO Jean-Marie Mognetti called the deal “a strategic transition” that taps into the U.S.’s “favorable regulatory tailwinds.” The timing couldn’t be more opportune. Under President Trump’s administration, the crypto industry has seen a wave of pro-business policies, including relaxed regulations and a more welcoming stance toward digital assets.
CoinShares isn’t just riding the regulatory tide—it’s actively shaping the market. Last year, the firm acquired Valkyrie Funds, giving it control over some of the top Bitcoin and Ethereum ETFs in the industry. This acquisition positions CoinShares as a key player in the growing ETF space, which has become a battleground for institutional investors seeking exposure to crypto.
The U.S. debut comes as other crypto firms also eye the stock market. Bullish, the Peter Thiel-backed exchange, recently debuted on the New York Stock Exchange. Circle, the stablecoin giant behind USDC, had a blockbuster June IPO on the same exchange. Gemini and Figure Technologies are also preparing for public market entries, suggesting a broader trend of crypto firms seeking traditional finance credibility.
President Trump’s personal ties to the crypto world add another layer to this story. From his Solana-based meme coin to his World Liberty Financial platform, the former president has leaned into digital assets. Even his family’s Bitcoin mining venture, American Bitcoin, made headlines with a volatile Nasdaq debut last week, surging over 80% before retreating.
For CoinShares, the U.S. listing isn’t just about capital—it’s about legitimacy. As the crypto industry grapples with regulatory scrutiny and market volatility, firms like CoinShares are betting that the U.S. offers a more stable and scalable path forward.
But is this the beginning of a crypto boom—or a speculative bubble? As CoinShares and its peers race to the public markets, one thing is clear: the line between traditional finance and digital assets is blurring faster than ever. What do you think? Is this the future of finance, or a cautionary tale waiting to unfold?