CoinShares Inks $1.2B Merger to List on Nasdaq and Expand in US

CoinShares, a leading European digital asset manager with $10 billion in assets under management, has agreed to a $1.2 billion merger with Vine Hill Capital Investment Corp., a U.S.-based SPAC. The deal paves the way for CoinShares to list on the Nasdaq Stock Market, significantly expanding its footprint in the U.S. financial sector.

The transaction, expected to close by Q4 2025 pending approvals, includes a $50 million anchor investment to bolster CoinShares' U.S. growth strategy. Jean-Marie Mognetti, CEO of CoinShares, framed the MOVE as a strategic leap toward global leadership rather than merely a change in listing venue.

As the fourth-largest crypto ETP provider worldwide—trailing only BlackRock, Grayscale, and Fidelity—CoinShares dominates Europe’s ETP market with a 34% share. The Nasdaq listing aims to amplify its visibility among U.S. investors and capitalize on the world’s largest asset management market.