📢 CoinShares, a leading name in cryptocurrency investing, has announced a plan to potentially acquire Valkyrie Funds, an investment advisory business specializing in crypto Exchange Traded Funds (ETFs). This deal is seen as CoinShares' strategy to make its mark in the US cryptocurrency ETF space. 🇺🇸📈

- The agreement includes an option to purchase Valkyrie Funds, active from November 16 to March 31, 2024.

- CoinShares CEO Jean-Marie Mognetti sees this strategic decision as a way to close the gap in the global ETF market and expand CoinShares' digital asset management expertise globally.

- Valkyrie CEO Leah Wald sees this partnership as a strategic fit with a vision to foster growth and innovation in the digital asset market.

- However, it is important to note that Valkyrie is not the only player in the field. Other financial giants such as Franklin Templeton and BlackRock are also vying for a spot in the spot Bitcoin ETF.