According to a report by Blockworks, based on a document submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday, the first hedge fund for European crypto ETPs is set to be launched for qualified U.S. investors. The fund, named CoinShares Bitcoin U.S. Branch Fund, will adopt an active management strategy and is expected to start trading 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 shifting towards another type of actively managed investment product. Additionally, the company announced adjustments to its business and plans to launch "another type of asset management business," which is more in line with U.S. crypto companies engaged in research, trading, and asset management (including hedge funds).