European Crypto Asset Manager CoinShares Starts US Hedge Fund Division
- CoinShares oversees ETP suite, more than $2.5 billion in AUM
- Macro environment very fertile for launch, says CEO Mognetti
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CoinShares, one of Europe’s largest cryptocurrency asset managers, is starting a hedge fund division as it seeks to make inroads with American investors.
The St. Helier, Jersey-based firm on Friday debuted the CoinShares Hedge Fund, which will be available to qualified US investors. CoinShares is known for its offerings of virtual-currency exchange-traded products, overseeing more than $2.5 billion in assets under management overall.