Crypto asset manager CoinShares lists on Nasdaq

Cryptocurrency asset management firm CoinShares, known for its crypto ETFs, is listing on the U.S. Nasdaq stock exchange through a merger with a Special Purpose Acquisition Company (SPAC). Trading is set to begin today, April 1. The newly formed holding company, CoinShares PLC, will trade under the ticker CSHR. The company had previously achieved a valuation of $1.2 billion through several funding rounds. Founded in 2014, CoinShares is a leading European virtual asset manager that provides structured products and funds for both institutional and retail investors. The firm currently has $6 billion in assets under management (AUM).