CoinShares will list on the Nasdaq via a business combination with Vine Hill Capital, pursuing a U.S. listing that values CoinShares at $1.2B pre‑money and positions the digital asset manager to expand its ETF business in the U.S. market.
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Deal structure: business combination with Vine Hill Capital ($VCIC)
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Valuation: $1.2 billion pre‑money on a pro‑forma basis; manages ~ $10 billion AUM
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Strategic impact: U.S. listing supports ETF growth and global leadership ambitions
CoinShares Nasdaq listing: CoinShares to list on Nasdaq via Vine Hill SPAC, $1.2B valuation; read the details and implications for crypto ETFs and U.S. markets.
What is the CoinShares Nasdaq listing?
CoinShares Nasdaq listing is a planned U.S. listing via a business combination with blank‑check company Vine Hill Capital Investment Corp., valuing CoinShares at $1.2 billion pre‑money. The move shifts CoinShares from Nasdaq Stockholm to the U.S. and aims to accelerate ETF growth and global market access.
How does the Vine Hill business combination work?
The transaction is a business combination between CoinShares and Vine Hill Capital Investment Corp., a blank‑check vehicle. The deal structure gives CoinShares a U.S. listing without a traditional IPO and is subject to customary closing conditions and shareholder approvals.
Why is CoinShares moving from Nasdaq Stockholm to the U.S.?
CoinShares cited strategic expansion and favorable U.S. regulatory tailwinds. The listing is designed to increase U.S. investor access to CoinShares’ ETF offerings and to position the firm among the largest publicly traded digital asset managers globally.
What are the key facts of the transaction?
- Valuation: $1.2 billion pre‑money (pro‑forma)
- AUM: CoinShares manages approximately $10 billion in assets
- Previous listing: Traded on Nasdaq Stockholm and will delist after the U.S. listing
- Acquisitions: CoinShares acquired Valkyrie Funds, expanding its ETF footprint
How will the U.S. listing affect CoinShares’ ETF business?
Front‑loading investor access, the CoinShares Nasdaq listing should broaden distribution for its Bitcoin and Ethereum ETFs and enable greater capital inflows. U.S. listing status can improve liquidity, index inclusion potential, and institutional coverage.
| Metric | Nasdaq (U.S.) | Nasdaq Stockholm |
|---|---|---|
| Investor base | Broader U.S. and global institutional access | Primarily European investors |
| Liquidity potential | Higher trading volumes and visibility | Moderate liquidity |
| Regulatory environment | Favorable tailwinds cited by CoinShares | Established EU regulatory framework |
Frequently Asked Questions
When will CoinShares complete the Nasdaq listing?
The transaction timing depends on customary closing conditions and approvals from shareholders and regulators; no firm closing date has been announced. Publication date: 2025‑09‑08.
Will CoinShares keep trading on Nasdaq Stockholm after the deal?
No. CoinShares is expected to delist from Nasdaq Stockholm once its U.S. listing is completed and the business combination is closed.
Key Takeaways
- Strategic U.S. move: CoinShares is moving its listing to the Nasdaq to accelerate global growth.
- Deal terms: Business combination with Vine Hill values CoinShares at $1.2B pre‑money and is subject to approvals.
- ETF implications: The U.S. listing should broaden investor access and support ETF scale and liquidity.
Conclusion
CoinShares’ planned Nasdaq listing via Vine Hill represents a major step for the Jersey‑based digital asset manager and could strengthen its ETF distribution and institutional presence in the U.S. market. Watch company statements and regulatory filings for final terms and the closing timeline.
BIG NEWS: CoinShares → NASDAQ US
We’re going public in the U.S. via business combination with Vine Hill ($VCIC).
$1.2B pre-money.
Expected to be one of the largest publicly traded digital asset managers globally.
Transaction subject to customary closing conditions &… — CoinShares (tweet text excerpt) — 2025-09-08
Published: 2025‑09‑08 · Updated: 2025‑09‑08 · Author: COINOTAG
