CoinShares Targets U.S. Scale with $1.2B SPAC – Nasdaq Listing in Sight

CoinShares Targets U.S. Scale with $1.2B SPAC – Nasdaq Listing in Sight

Europe’s largest digital asset investment firm, CoinShares, has announced a landmark plan to list on the Nasdaq Stock Market in the U.S. through a $1.2B SPAC merger with Vine Hill Capital Investment Corp.

🔑 Deal Highlights:

Valuation: $1.2 billion pre-money.

Combined company: Odysseus Holdings Limited.

Closing expected by Q4 2025.

CoinShares currently manages $10B AUM, making it the 4th-largest digital asset ETP manager globally.

📊 Market Leadership:

Behind only BlackRock, Grayscale, and Fidelity globally.

Number one in EMEA with 34% market share.

Expanded from 4 products (2021) → 32-product suite spanning crypto ETPs, indices, and equities.

AuM up 200% in two years thanks to strong net inflows and new product launches.

🌍 Strategic Expansion:

CoinShares already trades on Nasdaq Stockholm & OTCQX.

U.S. listing signals entry into world’s largest asset management market, home to half of global AuM.

CEO Jean-Marie Mognetti:

“This is a strategic transition, positioning CoinShares to lead globally.”

⚖️ Regulatory Edge:

First asset manager in continental Europe to receive MiCA authorisation (July 2025).

Holds all three licences under MiCA, reinforcing compliance credibility.

👉 Takeaway:
This SPAC merger could cement CoinShares as a global bridge between traditional finance and digital assets, leveraging both European regulatory leadership and U.S. market scale.