According to BlockBeats, digital asset investment firm CoinShares has announced the acquisition of Valkyrie Funds LLC's ETF business, as well as the investment advisory services of Valkyrie Investments Inc. Additionally, CoinShares has obtained the sponsorship rights for Valkyrie's Bitcoin spot ETF BRRR. The company plans to use Valkyrie's ETF infrastructure to develop its US asset management business, with a focus on product innovation and market differentiation. The acquisition is expected to bring an additional $530 million in assets under management for CoinShares.