According to a report by Blockworks, a document submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday stated that the European cryptocurrency ETP is about to launch its first hedge fund for qualified U.S. investors. The fund is called CoinShares Bitcoin U.S. Branch Fund and will adopt an active management strategy, with trading expected to begin in the coming weeks. Currently, CoinShares' assets under management (including assets held by its ETP products) are approximately $3 billion. In its first-quarter financial report, CoinShares stated that large investors have begun to shift towards another type of actively managed investment product. In addition, the company announced adjustments to its business and plans to launch "another type of asset management business," which aligns more closely with U.S. cryptocurrency companies engaged in research, trading, and asset management (including hedge funds).
European cryptocurrency ETP, CoinShares, successfully launches hedge fund for qualified US investors.
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According to a report by Blockworks, CoinShares, a European cryptocurrency ETP, is set to launch its first hedge fund for qualified US investors. The fund, called CoinShares Bitcoin US Support Fund, will use an active management strategy and is expected to begin trading in the coming weeks. CoinShares currently manages assets worth around $3 billion, including its ETP products. The company stated in its Q1 financial report that large investors are shifting towards alternative investment products with active management. Additionally, CoinShares announced plans to launch another type of asset management business, aligning with other US cryptocurrency companies engaged in research, trading, and asset management, including hedge funds.