According to a report by Blockworks, according to a document submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday, the first hedge fund of European cryptocurrency ETP is about to be launched for qualified U.S. investors. The fund is called CoinShares Bitcoin U.S. Branch Fund and adopts an active management strategy, and it may start trading in the next few weeks. Currently, CoinShares' assets under management (including the assets held by its ETP products) are approximately $3 billion. CoinShares stated in its first-quarter financial report that large investors have begun to shift to another type of investment product, active management. In addition, the company announced adjustments to its business and plans to launch "another type of asset management business," which is more consistent with U.S. cryptocurrency companies engaged in research, trading, and asset management (including hedge funds).
CoinShares successfully launches hedge fund for qualified US investors with European encrypted ETP.
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According to a report by Blockworks, CoinShares is set to launch the first hedge fund for European crypto ETPs targeting US qualified investors. The fund, called CoinShares Bitcoin US Branch Fund, will employ an active management strategy and is expected to begin trading in the coming weeks. CoinShares currently has around $3 billion in assets under management, including its ETP products. The company stated in its Q1 financial report that large investors have started shifting towards alternative investment products with active management. Additionally, CoinShares announced plans to launch another type of asset management business, aligning with US crypto companies engaged in research, trading, and asset management, including hedge funds.