CoinShares Lists on Nasdaq After $1.2B SPAC Merger

CoinShares, a leading European digital asset manager, began trading on the Nasdaq stock exchange on April 1, 2025, under the ticker symbol CSHR, following the completion of a $1.2 billion merger with special purpose acquisition company Vine Hill Capital Investment Corp.

The transaction, first announced in September 2024, formed a new holding company, CoinShares PLC, with CoinShares International Limited as its wholly owned subsidiary. The deal included a $50 million commitment from institutional investors and provided the firm with access to U.S. public markets without a traditional initial public offering. Previously listed on the Nasdaq Stockholm exchange, CoinShares used the SPAC structure to accelerate its entry into the American financial landscape, where it aims to attract institutional capital and expand its product offerings.

Founded in 2014 and headquartered in Saint Helier, Jersey, CoinShares manages approximately $6 billion in assets under management across 39 funds and products on four platforms. The company holds the top market position in Europe for cryptocurrency exchange-traded products, with about 34 percent share, and ranks among the top four global digital...