CoinShares Debuts Hedge Fund Division for US Investors
- CoinShares is launching a hedge fund division in the United States despite the country’s anti-crypto stance.
- The firm announced CoinShares Hedge Fund Solutions for qualified US investors for the first time ever.
- The goal is to expand “beyond its established European base” and offer a diverse range of products.
- Crypto investors are “constantly evolving with the changing risk landscape,” said the initiative’s head, Lewis Fellas.
CoinShares, a leading European cryptocurrency asset manager, is launching a hedge fund division in the United States despite the country’s strongly negative stance on the digital asset sector. The regulators in the region have waged a war against crypto and blockchain businesses and also sued decentralized finance (DeFi) platforms for offering their services without proper registration.
According to the official announcement from the crypto asset manager published on September 22, the firm has decided to roll out its CoinShares Hedge Fund Solutions for qualified US investors for the first time ever. This move is part of the firm’s plan to implement “expansion beyond its established European base,” adding that it will offer a “diverse range of products across the spectrum of beta and alpha strategies, with hybrids in between.”
“CoinShares Capital LLC, a wholly-owned subsidiary of CoinShares and a broker-dealer registered with the Financial Industry Regulatory Authority (FINRA), will be conducting marketing activities to qualified investors in the United States in support of CoinShares Hedge Fund Solutions’ strategies and products,” noted the announcement.
CoinShares Hedge Fund Solutions head Lewis Fellas noted that “crypto is full of fleeting promises and momentary successes along the pathway to mass adoption,” while adding that the requirements of institutional crypto investors are “constantly evolving with the changing risk landscape.”
CoinShares is one of the largest crypto investment firms and offers a large number of crypto exchange-traded products (ETFs). The firm is headquartered in Jersey and debuted its first Bitcoin exchange-traded product (ETP) in 2015 and launched an Ether (ETH) ETP in 2017.
“Backed by a decade-long legacy in the digital asset industry and a team with more than two decades in hedge funds, the new division signifies the latest step in CoinShares’ evolution,” said CoinShares’ CEO, Jean-Marie Mognetti.
As reported earlier by BitcoinWisdom, CoinShares recently purchased Napoleon Asset Management (Napoleon AM) and, as a result, now provides its products in any European nation. The firm also recently listed its physically supported stake in Algorand ETP on Germany’s primary market, Xetra.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
