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CoinShares exercises option to buy Valkyrie Funds following SEC’s spot ETFs approval. The acquisition will add $110 million in assets under management (AUM) to CoinShares’ $4.5 billion. It also allows the Europe-based asset manager to expand into the US. CoinShares, a digital assets investment firm based in Jersey, Channel Islands, has exercised its option to buy Valkyrie Funds LLC, the crypto exchange-traded funds arm of US-based firm Valkyrie Investments Inc. The acquisition allows CoinShares to enter the US market, and follows the US Securities and Exchange Commission (SEC)’s approval of spot Bitcoin ETF s, the company said in a press release published on Friday. On Wednesday, SEC allowed spot Bitcoin ETF s to start trading on stock exchanges, including The Valkyrie Bitcoin Fund (BRRR). Like the other funds, which include BlackRock’s IBIT, Fidelity’s FBTC and Ark/21 Shares’ ARKB, BRRR trading went live on Nasdaq on Jan...

Coinbase Derivatives Exchange’s institutional-sized contracts will be sized at 1 Bitcoin and 10 Ether. As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with its futures contracts. On June 1, Coinbase revealed its plans to introduce Bitcoin (BTC) and Ether (ETH) futures contracts on June 5 through its Commodity Futures Trading Commission-regulated derivatives exchange. The futures contracts will be targeted toward institutional investors. According to Coinbase, the newly announced institutional-sized contracts will have a specific size of 1 Bitcoin and 10 Ethereum. This sizing is intended to enable clients to effectively manage their exposures in the market. The decision to launch these products was driven by the feedback received by the exchange following the introduction of its nano Bitcoin (BIT) and nano Ether (ET) contracts. In addition, Coinbase stated that its Derivatives Exchange will be dedicat...