CoinShares Leverages US SPAC Market to Challenge Crypto Asset Management Elite

Europe’s leading crypto ETP provider, CoinShares, is set to go public in the United States through a $1.2 billion SPAC merger.

The deal with Nasdaq-listed Vine Hill will see the firm leap from its current listing on Nasdaq Stockholm to the world’s largest capital market.

This transition is a strategic play to compete directly with the industry’s heaviestweights—BlackRock, Fidelity, and Grayscale—by leveraging the higher valuations and robust investor appetite of the US market.

The merger, supported by a $50 million PIPE, is framed as the essential catalyst to fund aggressive international expansion and solidify its standing as a top-four player worldwide.