CoinShares aims to rewrite global rules for cryptocurrency investment

CoinShares, a European digital asset management company with a $10 billion asset management scale, is about to go public on Nasdaq through a $1.2 billion SPAC merger with Vine Hill Capital. CoinShares has a pre-financing valuation of $1.2 billion, and the merger will transfer CoinShares’ listing location from Stockholm to the U.S. and receive $50 million in institutional investment and 85% shareholder approval. The deal is expected to close in the fourth quarter of 2025, aiming to expand CoinShares’ access to the U.S. capital markets, expand its investor base and consolidate its position as the world’s fourth largest cryptocurrency ETP provider.