CoinShares
A Jersey-based digital-asset investment and asset-management group providing cryptocurrency exchange-traded products, funds, indices, and institutional investment services.
Last updated August 31, 2026
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Overview
CoinShares International is a financial-services and alternative-asset-management group headquartered in St Helier, Jersey. Its business is centered on digital assets, particularly cryptocurrencies, and is aimed at institutional, professional, and, historically, private investors. The company provides access to crypto markets through exchange-traded products, investment funds, actively managed strategies, indices, and related capital-markets services, allowing investors to obtain exposure to digital assets without necessarily holding the underlying tokens directly. The business developed from Global Advisors (Jersey) Limited, an asset manager established in 1999 with an initial focus on commodities. Under the direction of Daniel Masters and other investment professionals, Global Advisors shifted toward cryptocurrency markets in 2014. That year it launched the Global Advisors Bitcoin Investment Fund, described as the first regulated Bitcoin fund to be publicly traded. CoinShares subsequently became the group’s principal brand and expanded its activities through acquisitions, product development, and institutional partnerships. A major turning point came in 2016, when CoinShares acquired Swedish issuer XBT Provider. XBT Provider had launched an exchange-traded Bitcoin security on Nasdaq Stockholm in 2015, giving CoinShares an established platform in the European crypto-product market. The group later expanded its range to include physically backed products linked to Bitcoin, Ether, Solana, and other digital assets, as well as thematic baskets, staking-linked products, and blockchain-related equity indices. Through XBT Provider and its CoinShares Physical range, the company became one of Europe’s largest issuers of crypto exchange-traded products. CoinShares has also pursued infrastructure and institutional-market opportunities. In 2018 it joined Nomura and Ledger in establishing Komainu, a digital-asset custody business designed for institutional clients. Its activities have included market making, liquidity provision, venture investment, and other services connected with digital-asset capital markets. In 2023, the group created CoinShares Hedge Fund Solutions to offer actively managed crypto strategies, including approaches involving Bitcoin, Ether, arbitrage, and options. The company became publicly traded in Stockholm in 2021, initially on Nasdaq First North Growth Market, and moved to the main market of Nasdaq Stockholm in December 2022. Market stress in 2022, including the collapse of the Terra/Luna ecosystem and the bankruptcy of FTX, affected the wider digital-asset industry and CoinShares. The group subsequently discontinued its retail-facing offering, including its crypto trading application, and concentrated more heavily on institutional products and professional investment services. CoinShares strengthened its United States presence through the March 2024 acquisition of Valkyrie Investments, a crypto investment and exchange-traded-fund specialist that became CoinShares Valkyrie. In July 2025, its French asset-management subsidiary received authorization from the French Autorité des Marchés Financiers under the European Union’s Markets in Crypto-Assets framework, supporting the distribution of crypto investment and portfolio-management services across the EU. In September 2025, CoinShares announced a proposed New York listing through a merger with Vine Hill Capital. CoinShares therefore combines European crypto-product expertise with an expanding institutional and US-market strategy.
History
CoinShares traces its origins to Global Advisors (Jersey) Limited, an asset-management company founded in 1999 to invest primarily in commodities. The firm later became associated with Daniel Masters and a group of investment professionals who redirected its attention toward cryptocurrency markets as institutional interest in Bitcoin developed. In 2014, Global Advisors launched the Global Advisors Bitcoin Investment Fund. The fund was presented as the first regulated Bitcoin fund to be publicly traded and established an early connection between conventional asset management and the emerging cryptocurrency sector. CoinShares subsequently developed as the successor and principal operating brand of this digital-asset business. The group expanded its position in European crypto markets through the 2016 acquisition of XBT Provider, a Swedish issuer that had launched a Bitcoin exchange-traded security on Nasdaq Stockholm in 2015. This transaction gave CoinShares access to an established exchange-traded-product platform and became the foundation for a broader range of cryptocurrency investment instruments. The company later added products linked to Ether and other digital assets, physically backed structures, thematic baskets, staking-related products, and blockchain-equity indices. CoinShares also invested in institutional infrastructure. In 2018, it partnered with Japanese bank Nomura and hardware-wallet manufacturer Ledger to establish Komainu, a custody provider designed for professional digital-asset clients. The company continued to develop services around market making, liquidity provision, venture investing, and digital-asset capital markets. During 2020, it recruited senior personnel with conventional exchange-traded-fund experience as it sought to scale its crypto investment-product platform. CoinShares became a public company in March 2021, when its shares began trading on Nasdaq First North Growth Market in Stockholm. It later moved to Nasdaq Stockholm’s main market in December 2022. The company’s development during this period coincided with both rapid growth in digital-asset markets and significant market risk. The collapse of Terra and Luna in May 2022 and the failure of FTX in November 2022 contributed to losses and instability across the cryptocurrency industry. CoinShares responded by withdrawing from retail-oriented services, including its crypto trading application, and focusing more closely on institutional and professional clients. In 2023, CoinShares created a hedge-fund division offering active crypto strategies to US investors. These included approaches involving Bitcoin and Ether, as well as arbitrage and options strategies. In March 2024, the company acquired Valkyrie Investments, which was subsequently associated with the CoinShares Valkyrie brand. The transaction accelerated CoinShares’ entry into the US investment-product market. The group’s European regulatory footprint expanded in July 2025 when CoinShares Asset Management in France received authorization from the AMF under the EU MiCA regime. The authorization was intended to facilitate crypto investment products and portfolio-management services across the European Union. In September 2025, CoinShares announced a proposed New York listing through a transaction with Vine Hill Capital. Together, these developments reflect the group’s broader strategy of combining European exchange-traded-product expertise with institutional asset management, regulated distribution, and a stronger US presence.
- 2025
French MiCA authorization
[1]CoinShares Asset Management receives authorization from France’s AMF under the EU MiCA framework.
- 2024
Valkyrie acquisition
[1]CoinShares acquires Valkyrie Investments to accelerate its US-market expansion.
- 2023
Hedge-fund division launched
[1]CoinShares creates CoinShares Hedge Fund Solutions for actively managed crypto strategies.
- 2022
Transfer to Nasdaq Stockholm main market
[1]CoinShares moves to the main market of the Stockholm exchange.
- 2021
Stockholm public listing
[1]CoinShares begins trading on Nasdaq First North Growth Market in Stockholm.
- 2018
Komainu is established
[1]CoinShares joins Nomura and Ledger to create Komainu, an institutional digital-asset custody business.
- 2016
Acquisition of XBT Provider
[1]CoinShares acquires the Swedish issuer XBT Provider and expands its European exchange-traded-product platform.
- 2015
XBT Provider launches a Bitcoin exchange-traded security
[1]XBT Provider introduces a Bitcoin exchange-traded security on Nasdaq Stockholm.
- 2014
Shift toward cryptocurrency investment
[1]Global Advisors changes its strategic focus toward digital assets and launches the Global Advisors Bitcoin Investment Fund.
- 1999
Global Advisors is founded
[1]Global Advisors (Jersey) Limited is established as an asset manager initially focused on commodities.
Products and positioning
European specialist digital-asset investment manager focused on regulated, exchange-traded, and institutional access to cryptocurrency markets.
Physically backed cryptocurrency exchange-traded products
CoinShares Physical
CoinShares Physical is a family of exchange-traded crypto products designed to provide exchange-traded exposure to individual digital assets. Products in the range may be backed by the underlying cryptocurrency and are intended to give investors a regulated market instrument rather than requiring them to manage wallets or custody arrangements directly. The range has included products linked to major assets such as Bitcoin and Ether, as well as other cryptocurrencies.
Crypto exchange-traded products · 2015
XBT Provider
XBT Provider is the Swedish exchange-traded-product platform acquired by CoinShares in 2016. It pioneered a Bitcoin exchange-traded security on Nasdaq Stockholm in 2015 and became a key part of CoinShares’ European product infrastructure. The platform has supported exchange-traded exposure to Bitcoin, Ether, and other digital assets for investors using conventional brokerage and exchange accounts.
Actively managed digital-asset investment strategies · 2023
CoinShares Hedge Fund Solutions
CoinShares Hedge Fund Solutions provides actively managed crypto investment strategies for professional and institutional investors. The division was established in 2023 and has offered approaches connected with Bitcoin and Ether, including arbitrage and options-based strategies. It complements CoinShares’ passive and exchange-traded products with investment vehicles intended to pursue returns through trading and portfolio management.
Blockchain-sector equity index
CoinShares Blockchain Global Equity Index
The CoinShares Blockchain Global Equity Index tracks the share performance of publicly traded companies associated with blockchain technology and the digital-asset economy. It gives investors a way to obtain thematic exposure through equities rather than directly holding cryptocurrencies, linking the company’s index activity with its broader digital-asset research and investment-product business.
Brand decisions
2025
Proposed New York listingStrategyBackground
CoinShares sought broader access to US capital markets and additional visibility among American investors.
Action taken
The company announced a proposed merger with Vine Hill Capital intended to support a New York Stock Exchange listing.
Aftermath
The transaction was presented as a means of supporting further growth, particularly in the United States.
2024
Acquisition of Valkyrie InvestmentsM&ABackground
CoinShares aimed to accelerate its entry into the United States and strengthen its capabilities in crypto exchange-traded funds.
Action taken
CoinShares acquired US-based Valkyrie Investments, which subsequently became associated with the CoinShares Valkyrie brand.
Aftermath
The transaction expanded CoinShares’ US investment-product platform and added Valkyrie’s ETF expertise.
2023
Launch of CoinShares Hedge Fund SolutionsProduct launchBackground
CoinShares sought to broaden its offering beyond passive exchange-traded products and enter actively managed crypto investment strategies.
Action taken
The company established a hedge-fund division offering strategies involving Bitcoin, Ether, arbitrage, and options for US investors.
Aftermath
The division extended CoinShares’ institutional product range and supported its US-market development.
2022
Refocus from retail services to institutional productsStrategyBackground
The Terra/Luna collapse and FTX bankruptcy contributed to severe disruption and losses across cryptocurrency markets.
Action taken
CoinShares discontinued its retail-oriented offering, including its crypto trading application, and concentrated more heavily on institutional and professional investment products.
Aftermath
The group’s strategy emphasized regulated investment products, institutional distribution, and professional asset-management services.
Recent events
Reported
CoinShares and S Broker announce partnership for crypto ETPs[3]
CoinShares announced an agreement with S Broker covering free trading of CoinShares physically backed crypto ETPs from December 1 through December 31, 2021. Starting in 2022, subject to conditions, S Broker customers will be able to add CoinShares ETPs to savings plans for free.
Reported
SCB Asset Management launches SCB Blockchain feeder fund[4]
SCB Asset Management launched SCB Blockchain, a feeder fund investing in the Invesco Elwood Global Blockchain UCITS ETF, which tracks the CoinShares Elwood Global Blockchain Equity Index.
Reported
3iQ and CoinShares Bitcoin ETF begins trading on the TSX[5]
The Bitcoin ETF managed by 3iQ and CoinShares completed its initial unit offering and began trading in Canadian dollars on the Toronto Stock Exchange, with a separate U.S.-dollar trading code.
Reported
CoinShares and 3iQ announce strategic collaboration[6]
CoinShares announced a strategic collaboration with 3iQ, commencing with the 3iQ CoinShares Bitcoin ETF, and disclosed a strategic investment in 3iQ. The ETF is intended to be offered across Canada's provinces and territories.
Mintgreen completes seed funding round led by CoinShares[7]
Sustainable crypto-mining company Mintgreen completed a seed funding round led by CoinShares.
Reported
CoinShares releases DeFi Index Token[8]
CoinShares released the CoinShares Gold and Cryptoassets Index Lite token, a decentralized finance index token built on the Ethereum blockchain and aimed at institutional investors.
Reported
CoinShares announces planned Bitcoin ETP launch on SIX Swiss Exchange[9]
CoinShares was reported to be preparing to launch a Bitcoin exchange-traded product on SIX Swiss Exchange; the report said it was scheduled to list the following day under ticker BITC.
Reported
Compass and CoinShares collaborate on gold and cryptoassets index[10]
Compass announced a collaboration with CoinShares to create the CoinShares Gold and Cryptoassets Index, described as an EU Benchmark Regulations-compliant index combining cryptoassets and gold.
Reported
Blockdaemon raises $5.5 million[11]
Blockdaemon acquired $5.5 million in capital from investors including Fenbushi Capital, Hashkey, CoinShares, Blockchain.com, Kenetic, and SPiCE VC, with contributions from several early investors.
Reported
Zabo secures $2.5 million in funding[12]
Zabo secured $2.5 million in funding in a round led by Moonshots Capital, with Blockchange Ventures, Castle Island Ventures, Digital Currency Group, CoinShares, Tezos Foundation, and Capital Factory also participating. Zabo said it would use the funds to promote cryptocurrency adoption and expand its engineering team.
Sources14 sources
- 1CoinShares Internationalen.wikipedia.org
- 2CoinShares official websitecoinshares.com
- 3CoinShares 与 S Broker 宣布加密货币 ETP 合作prnewswire.co.uk
- 4SCB Asset Management推出SCB Blockchain feeder fundprnewswire.com
- 53iQ与CoinShares比特币ETF在多伦多证券交易所开始交易finance.sina.com.cn
- 6CoinShares与3iQ宣布战略合作finanznachrichten.de
- 7Mintgreen 完成由 CoinShares 领投的种子轮融资forex.cnfol.com
- 8CoinShares推出DeFi指数代币coinspeaker.com
- 9CoinShares 宣布计划在瑞士证券交易所推出比特币 ETPfinance.sina.com.cn
- 10Compass与CoinShares合作创建黄金与加密资产指数prnewswire.com
- 11Blockdaemon 融资 550 万美元crowdfundinsider.com
- 12Zabo 获得 250 万美元融资crowdfundinsider.com
- 13XBT Provider 任命 Dennis Engström 为董事总经理finanznachrichten.de
- 14CoinShares Launches a $75 Million Physically-Backed Ethereum (ETH) ETPcryptopotato.com
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