CoinShares’ $1.2B SPAC deal with Vine Hill could secure Nasdaq listing and broaden Bitcoin ETP access

• Valuation and listing: CoinShares valued at $1.2 billion and set to list on Nasdaq via Vine Hill Capital SPAC.

• Asset scale: CoinShares manages about $10 billion AUM and holds 34% of Europe’s crypto ETP assets.

• Q2 results and capital: Q2 2025 profit $32.4M, AUM rose 26% to $3.46B; $50M anchor investment supports US expansion.

CoinShares Nasdaq listing: CoinShares to list on Nasdaq via SPAC merger with Vine Hill Capital—valued $1.2B. Read the timeline and investor impact. Learn more.

The deal with Vine Hill Capital, which values CoinShares at $1.2 billion, will allow the company to be listed on the US Nasdaq Stock Market.

What is the CoinShares Nasdaq listing?

CoinShares Nasdaq listing is a planned public listing on the US Nasdaq Stock Market achieved through a business combination with Vine Hill Capital, a publicly traded SPAC. The transaction values CoinShares at $1.2 billion and aims to broaden US investor access while accelerating global ETP expansion.

How does the SPAC merger with Vine Hill Capital work?

The agreement is a definitive business combination between CoinShares and Vine Hill Capital, enabling CoinShares to go public without a traditional IPO. Vine Hill Capital, as a special purpose acquisition company (SPAC), merges with CoinShares and, upon regulatory and shareholder approvals, the combined entity will list on Nasdaq.

Key deal elements include a $50 million anchor investment and a pre-money valuation of $1.2 billion. The merger structure provides faster market access, additional capital and broader US distribution for CoinShares’ exchange-traded products (ETPs).

When will the CoinShares US merger close?

The merger is expected to close later in 2025, subject to customary regulatory and shareholder approvals. CoinShares announced the timeline alongside second-quarter results and confirmed support from an institutional anchor investor.

Why is CoinShares targeting a US listing?

CoinShares is targeting a US listing to capture demand in the world’s largest asset management market. Management says the listing will accelerate the company’s global leadership ambitions and improve access for US institutional and retail investors to CoinShares’ ETP suite.

How large is CoinShares and what are the recent financials?

CoinShares manages about $10 billion in assets, ranking it among the largest crypto ETP providers globally. In Europe it leads the market with a 34% share of assets under management (AUM).

On Aug. 29, CoinShares reported Q2 2025 profit of $32.4 million and a 26% increase in AUM to $3.46 billion, driven by appreciation in Bitcoin and Ether. These results were cited by management as supporting the timing of the US listing.

Related: Crypto ETPs post $1.4B losses amid recent Bitcoin, Ether sell-offs

Magazine: ‘Accidental jailbreaks’ and ChatGPT’s links to murder, suicide: AI Eye

Frequently Asked Questions

What does the $1.2 billion valuation mean for CoinShares shareholders?

The $1.2 billion pre-money valuation sets a market benchmark for CoinShares’ equity as it transitions to a US-listed company. Existing shareholders will gain access to liquid public markets and a broader investor base, subject to final deal terms and approvals.

Will CoinShares’ ETPs change after the Nasdaq listing?

The company’s ETP products will continue to operate, with the Nasdaq listing primarily expanding investor access and liquidity. Product strategies and management of AUM remain under CoinShares’ control and subject to regulatory oversight.

How will the $50 million anchor investment be used?

The $50 million anchor investment is intended to provide growth capital, support market expansion in the US, and strengthen the company’s balance sheet as it scales its ETP distribution and operations.

Key Takeaways

• US listing via SPAC: CoinShares will list on Nasdaq through a merger with Vine Hill Capital, valued at $1.2B.
• Scale and market position: Manages ~$10B AUM and holds a 34% share of Europe’s crypto ETP market.
• Investor impact: Expected to close in 2025 with a $50M anchor investment to boost US distribution and liquidity.

Conclusion

The CoinShares Nasdaq listing through a Vine Hill Capital SPAC represents a major step in the firm’s US expansion. With a $1.2 billion valuation, strong Q2 results and fresh anchor capital, CoinShares aims to enhance investor access to its ETPs and accelerate global growth. Watch for regulatory and shareholder approvals as the transaction progresses later in 2025.

Published: 2025-08-30 | Updated: 2025-09-08 | Author: COINOTAG