Crypto Asset Manager CoinShares to Go Public in US Via SPAC Deal

Cryptocurrency asset manager CoinShares International Ltd. has agreed to go public in the US through a combination with blank-check company Vine Hill Capital Investment Corp.

The deal values CoinShares at $1.2 billion pre-money on a pro-forma basis, according to a company statement. CoinShares is best known for its crypto exchange-traded products and has about $10 billion in assets under management. Shares of the company are currently publicly traded on Nasdaq Stockholm and following the completion of the merger, CoinShares will file to delist from the Swedish stock exchange.