You Won’t Believe What CoinShares Just Achieved in France! 😱💸

Oh là là! CoinShares has made a fabulous entrance into the regulatory ballroom of France, snatching up a shiny new license under the oh-so-fancy Markets in Crypto-Assets (MiCA). Because, you know, what’s a European cryptocurrency firm without a bit of regulatory bling?

And guess what? CoinShares got this license through their French sidekick, CoinShares Asset Management, just casually announced on Wednesday, like it’s no big deal. 🎉

Drumroll, please! 🥁 With this new badge of honor, CoinShares is now the first continental European asset management company to strut its stuff under MiCA. Fancy, right?

Oh, and it’s not just hanging out in the EU. CoinShares is also making waves in the US after swallowing up Valkyrie Funds last year—because who doesn’t want to dominate two continents?

The Triple License Tango

So now, CoinShares is rocking three regulatory licenses in Europe: MiCA, MiFID, and the AIFM license. Talk about an overachiever! 👑

Seriously, they’re the only continental European asset manager with this triple threat of licenses, which means they can offer services across all the EU asset classes. One-stop shopping has never looked this good!

The shiny MiCA license, graciously bestowed by the French Autorité des Marchés Financiers (AMF) on Thursday, lets CoinShares offer portfolio management on crypto assets across the EU. Because clearly, who wouldn’t want investment advice on digital coins floating in the ether?

With the MiFID license, they’re also allowed to mess around with traditional financial instruments. 📈 Yes, it’s like being able to play in two separate sandboxes at once!

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Thanks to this license, CoinShares can now gallivant across several EU jurisdictions, passporting their operations in France, Germany, Cyprus, Ireland, Lithuania, Luxembourg, Malta, and the Netherlands. European tour, anyone? 🎒

And they’re eyeing to extend their reach across all EU member states. The world, or at least Europe, is their oyster!

CoinShares Makes Waves in the US

Besides flaunting their EU glam, CoinShares is also strapping on their competitive armor to fight in the US. They officially entered the market in 2023, and it’s been a whirlwind ever since.

They kicked things off with the CoinShares Bitcoin and Ether ETF (BTF) — a futures ETF tracking the belligerent prices of Bitcoin (BTC) and Ether (ETH) — back in October 2021. And since then? Oh, just three more shiny crypto funds! 🤑

The lineup includes the CoinShares Bitcoin Mining ETF (WGMI), launched in February 2022, the riveting spot Bitcoin ETF, CoinShares Bitcoin ETF (BRRR), and the Bitcoin Futures Leveraged ETF (BTFX). Wow, what a mouthful! Launched in January and February of 2024, because who doesn’t love an over-the-top grand reveal?

And don’t forget about that Valkyrie Funds acquisition! CoinShares is also eagerly applying for more ETF products in the US, including a potential spot XRP (XRP) ETF. Exciting times, my friends!

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2025-07-23 14:16