CoinShares, a leading European digital asset manager with more than $6 billion under management, will begin trading on the Nasdaq stock market under the symbol CSHR.
The listing follows a $1.2 billion merger with Vine Hill Capital Investment Corp., a U.S.-based special purpose acquisition company (SPAC).
The asset manager, which was previously listed on Nasdaq Stockholm in Sweden under the entity CoinShares International, formed CoinShares PLC through the merger.
The listing comes after BitGo (BTGO) went public earlier in the year, while several crypto companies listed in 2025, including stablecoin issuer Circle (CRCL), CoinDesk owner Bullish (BLSH), and exchange Gemini (GEMI).
CoinShares built its business around cryptocurrency exchange-traded products (ETPs) and now manages 39 funds across four platforms. The company generates the majority of its revenue through recurring fees, a model it says supports strong profitability and free cash flow.
“We are diversifying both our product and revenue mix, including new capabilities in listed asset management, active alternative strategies and decentralized finance,” said CEO Jean-Marie Mognetti.
For investors, the move opens up a new US-based option to gain exposure to crypto markets through a company already established in Europe. CoinShares says it leads the market on the continent with a 34% share.
CoinShares’ US expansion will include product development and acquisitions, while proximity to US regulators can help it quickly adapt to changes in compliance standards in the crypto sector.
UPDATE (April 1, 14:15 UTC): Updates to reflect that CoinShares was previously listed on Nasdaq Stockholm
