The cheap crypto environment in the USA now attracts the asset manager Coinhares to the New York Stock Exchange.
• Coinshares is targeting stock market nodes in the United States
• Fusion with Spac Vine Hill Capital planned
• Donald Trump is crypto -friendly
Lured by the currently crypto-friendly US administration, the crypto assets administrator wants to go to the US technology authority Nasdaq. To do this, he will merge with Vine Hill Capital. As “CoinTelegraph” continues, Coinshares is rated at this deal with Vine Hill Capital with $ 1.2 billion.
Coinshares extends range
For Coinshares, this is not only a significant step in its advance into the US market but also in its global expansion plans. The company is aiming for a global leadership position. Coinshares currently manages a fortune of around $ 10 billion and is therefore the fourth largest provider of stock exchange-traded crypto products (ETPs).
“A listing in the United States will strengthen our credibility, enlarge our reach and enable us to take advantage of the opportunities on the largest asset management market in the world, on which more than half of the asset managed worldwide,” commented Jean-Marie Mogetti, CEO & Co-Founder of Coarshares, according to “Verumo”.
Abbreviation to the US exchange
According to the “CoinTelegraph”, the merger with Vine Hill Capital – which is still subject to the consent of the supervisory authorities and shareholders – will probably be completed at the end of 2025. Vine Hill Capital is a so -called “Special Purpose Acquisition Company”, which can be translated with acquisition purposes or mantle company. So it is only an empty but listed corporate cover, whose organizers collect money from investors in order to buy another promising company, which is then merged with the SPAC and, in this way – is brought to the stock exchange.
For Coinshares, this would have the advantage that the IPO would be significantly more uncomplicated than with a traditional IPO (initial public offering). On the one hand, the crypto asset manager does not have to go in search of investors, on the other hand, the lengthy approval process of the US stock exchange supervision Sec. In recent years, this form of the IPO in the United States has developed into a real trend.
Coinshares is already listed in the main market of the Nasdaq Stockholm. After completing the merger, however, decorating the Swedish stock exchange should be requested, the focus is therefore clearly on the USA.
Crypto-friendly US government
During his election campaign, Donald Trump promised the crypto community that he would be the “pro-bitcoin president” that America needed. His goal is to make the United States the world’s leading center in the industry. Since its move into the White House, the StableCoin provider Circle and the Bullish crypto tour have already ventured to the US stock exchange parquet.
Editor finance.net
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