CoinShares, a prominent digital asset management firm in Europe, is set to make its debut on Wall Street. The company announced that it will go public in the U.S. through a $1.2 billion merger with Vine Hill Capital Investment Corp (VCIC), a SPAC listed on Nasdaq.

The arrangement signifies a transition of CoinShares’ listing from Stockholm to New York, facilitating access to U.S. capital markets and investors. The firm oversees assets amounting to about $10 billion, including a portfolio of 32 crypto exchange-traded products (ETPs) featuring bitcoin, ether, solana, among others. CoinShares is ranked as the fourth-largest global provider of digital asset ETPs, following BlackRock, Grayscale, and Fidelity, holding a 34% market share across Europe, the Middle East, and Africa.

Key Highlights:

• CoinShares will now be valued at $1.2 billion prior to the merger with Vine Hill SPAC (VCIC).
• The shift to U.S. listing represents a substantial opportunity, enhancing access in the large asset management sector.
• The CEO, Jean-Marie Mognetti, remarked that increased U.S. regulatory clarity marks a pivotal moment for digital assets.

“The case for digital assets as an investment class has reached a decisive inflection point,” said Mognetti. “A U.S. listing will reinforce our credibility and expand our reach.”

This deal, which has received approval from the boards of both companies, is expected to finalize by the end of 2025, contingent on regulatory and shareholder approvals, following which CoinShares will operate under the name Odysseus Holdings Limited on Nasdaq.