CoinShares, Europe’s largest digital asset manager with approximately $10 billion in assets under management, has announced plans to go public in the United States through a $1.2 billion merger with Vine Hill Capital, a Nasdaq-listed special purpose acquisition company (SPAC). Related Reading: XRP Price Confirms Descending Trendline Breakout, Here Are The Targets The transaction would […]CoinShares, Europe’s largest digital asset manager with approximately $10 billion in assets under management, has announced plans to go public in the United States through a $1.2 billion merger with Vine Hill Capital, a Nasdaq-listed special purpose acquisition company (SPAC). Related Reading: XRP Price Confirms Descending Trendline Breakout, Here Are The Targets The transaction would […]

CoinShares Sets Sights on Wall Street: Will the $1.2B Nasdaq Debut Redefine Crypto

2025/09/10 11:00

CoinShares, Europe’s largest digital asset manager with approximately $10 billion in assets under management, has announced plans to go public in the United States through a $1.2 billion merger with Vine Hill Capital, a Nasdaq-listed special purpose acquisition company (SPAC).

The transaction would see CoinShares shift from Stockholm to Wall Street, signaling a major step in its bid for global dominance.

Ranked as the fourth-largest digital asset exchange-traded product (ETP) manager globally, behind BlackRock, Grayscale, and Fidelity, CoinShares currently holds a commanding 34% market share in Europe.

Over the past two years, its assets under management have tripled, fueled by strong inflows and the rapid expansion of its product lineup, which has grown from just four offerings in 2021 to 32 across multiple platforms.

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A Unique Approach Into the U.S. Market

CEO Jean-Marie Mognetti described the move as “far more than a venue change,” framing the Nasdaq listing as a gateway to global leadership. He highlighted the U.S. as the hub of digital asset innovation, where institutional demand and improving regulatory clarity are creating fertile ground for expansion.

CoinShares operates with industry-leading margins, 76% adjusted EBITDA in the first half of 2025, and has built a diversified business model based on recurring fee revenues supplemented by trading activities.

With its proven European strategy, the company now seeks to capture U.S. investors by introducing a broader suite of digital asset products, including tokenized real-world assets.

What the CoinShares Nasdaq Debut Means for Crypto

The $1.2 billion deal, priced at a discount compared to peer valuations, includes a $50 million institutional anchor investment.

Both company boards have approved the merger, which is expected to close in the fourth quarter of 2025, pending shareholder and regulatory approval. Upon completion, the combined entity will trade under Odysseus Holdings Limited.

The timing of CoinShares’ U.S. expansion coincides with a wave of favorable regulatory developments, including the rollback of restrictive SEC policies and the drafting of new legislation aimed at fostering a clearer market structure for crypto.

If successful, CoinShares’ Nasdaq debut could not only strengthen its foothold in the world’s largest asset management market but also set a precedent for how European crypto firms scale globally.

Cover image from ChatGPT, BTCUSD chart from Tradingview

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