CoinShares SPAC listing to take company to Nasdaq US at $1.2B

CoinShares SPAC listing will move the Jersey-based asset manager onto Nasdaq US after a merger with Vine Hill Capital Investment Corp. The deal values CoinShares at about $1.2 billion pre-money and signals a shift from Nasdaq Stockholm to the U.S. market. CoinShares CEO Jean-Marie Mognetti framed the move as a bid to accelerate global leadership in crypto asset management. The announcement arrived in September 2025 and sets a clear path to U.S. public markets. The SPAC route aims to speed access to capital while leaning on a friendlier regulatory environment in the US.

CoinShares spac listing lead

Who and what matter first: CoinShares and Vine Hill Capital Investment Corp. agreed to a blank-check merger to list stateside. The plan includes delisting from Nasdaq Stockholm and commencing trading on Nasdaq US once closing conditions are met. Jean-Marie Mognetti said the listing supports growth and product expansion after recent acquisitions. The company strengthened equity exposure by integrating Valkyrie Funds ahead of the transaction. Investors see this as part of a broader push by crypto managers toward U.S. markets.

Move to Nasdaq US

Moving from Nasdaq Stockholm to Nasdaq US gives CoinShares access to deeper liquidity and more institutional investors. The decision also reflects comparative advantages in the regulatory environment in the US for crypto firms. Nasdaq US listing may boost visibility for CoinShares’ crypto asset management services. It also positions the company alongside other public crypto players like Bullish and Circle. The U.S. market continues to attract firms looking for scale and capital.

Spac route explained

Using a SPAC lets CoinShares merge with Vine Hill Capital Investment Corp. to become publicly listed more efficiently than a traditional IPO. SPACs remain a fast path for crypto firms to tap U.S. public markets when speed matters. The structure provides negotiated valuation and pre-arranged capital commitments. For CoinShares, the SPAC model supports strategic moves without a long, drawn-out IPO roadshow. That pragmatic choice matches a busy market where timing is key.

Valkyrie Funds role

Acquiring Valkyrie Funds gave CoinShares stronger U.S. product exposure ahead of the listing. The move broadened CoinShares’ ETF and fund capabilities and added distribution channels. Integrating Valkyrie Funds also signals a push into cross-border product offerings. CoinShares now blends European heritage with growing U.S. presence. That mix could help attract asset allocators seeking crypto allocation leadership.

Regulatory environment in US

The shift highlights how rules and enforcement shape strategic decisions for crypto firms. A clearer regulatory environment in the US can lower compliance uncertainty for public companies. Firms such as Bullish and Circle have also navigated U.S. listings or public exits recently. CoinShares expects the U.S. regime to offer better long-term support for listed crypto managers. Still, regulatory scrutiny will remain a factor after the SPAC closes.

Market context and outlook

CoinShares SPAC listing joins a trend of crypto asset managers pursuing U.S. capital markets. The $1.2 billion valuation reflects investor appetite for established managers with scale. Post-listing performance will depend on product uptake, market cycles, and regulatory clarity. For traders and long-term investors, this move is another sign of crypto markets maturing. Watch for the formal Nasdaq US listing date and related shareholder communications.

BlockAI, reporting on crypto markets, wrote this summary using company announcements and public filings available at the time.