Crypto assets manager CoinShares launches hedge fund division in US

CoinShares launches hedge fund division for US investors

CoinShares, a leading European cryptocurrency asset manager, has launched a hedge fund division in the United States, aiming to serve qualified US investors. The division, called CoinShares Hedge Fund Solutions, responds to the growing demand for cryptocurrency-based products. CoinShares Capital, a subsidiary registered with US regulators, will market these products. Despite the challenging regulatory environment in the US, CoinShares aims to provide a range of crypto investment options to institutional investors. The move comes at a time when other crypto exchanges like Coinbase and Binance.US are facing regulatory scrutiny in the country.