CoinShares Acquires Bastion to Supercharge Active Crypto Funds

Traditional finance meets crypto innovation as CoinShares snaps up Bastion in strategic power move.

The Acquisition Playbook

CoinShares executes textbook expansion strategy—acquiring Bastion positions the firm to dominate the active crypto funds space. This isn't just another merger; it's a calculated assault on the $1.7 trillion digital asset management market.

Active Funds Revolution

Forget passive index tracking. The real money flows where active management delivers alpha. Bastion's expertise combined with CoinShares' scale creates a powerhouse that could redefine institutional crypto investing.

Market Implications

Traditional asset managers watching from the sidelines just got served notice. While they're still debating blockchain fundamentals, CoinShares builds the infrastructure that will custody the next generation of digital wealth.

Wall Street's slow adoption continues to create opportunities for crypto-native firms willing to actually execute rather than form another committee. The acquisition proves that in crypto, moving fast breaks more than just things—it breaks entire industries.

CoinShares US expansion

CoinShares, which manages around $10 billion in assets, aims to expand its presence in the United States. Unlike many U.S. crypto firms that focus on passive products such as Bitcoin or Ether ETFs, the company plans to develop actively managed funds where managers use strategies to try to outperform the market.

CoinShares CEO Jean-Marie Mognetti said, “Having worked closely with Bastion over the course of the last year, we have experienced firsthand the performance of their strategies and witnessed their expertise in systematic digital asset investing.” Mognetti noted that this will enhance CoinShares’ ability to serve investors seeking actively managed digital asset solutions.

The deal also comes as CoinShares signs an agreement with Vine Hill Capital Investment Corp., a U.S.-listed SPAC, to bring the company to the Nasdaq Stock Market with a pre-investment valuation of $1.2 billion.

Industry data indicate an increasing demand for active strategies within the crypto ETF market. Though passive products remain ubiquitous, the active crypto ETFs have increased in number by more than twice over recent years, even outpacing index-tracking funds earlier in 2025.

Also Read: TRUMP Jr. and Witkoff Brings World Liberty’s USD1 Stablecoin to Aptos