CoinShares Crosses the Atlantic with $1.2B SPAC Deal. Can Its U.S., Debut Spark a Bigger Rally?

CoinShares is heading to Nasdaq through a $1.2B SPAC deal. The move gives U.S. investors direct access to the European crypto giant as it chases global leadership.

CoinShares, Europe’s largest crypto asset manager, is preparing for a massive change. The company announced on Monday that it will go public in the United States through a $1.2 billion SPAC merger with Vine Hill Capital Investment (VCIC). The move will land CoinShares on the Nasdaq (NDAQ), giving U.S. investors direct access to its stock for the first time.

CEO Jean-Marie Mognetti called the U.S. debut a turning point for the firm, one that positions CoinShares to chase leadership on a global scale. The U.S. is the largest asset management market in the world, and gaining a Nasdaq listing could bring a flood of new demand.

In addition, CoinShares already manages roughly $10 billion in assets. This makes it the fourth-largest crypto ETP provider globally, behind BlackRock (BLK), Grayscale, and Fidelity. In Europe, it dominates with a 34% share of all assets under management.

Growth Momentum Already Building

The company has momentum heading into the merger. In the second quarter of 2025, CoinShares reported $32.4 million in profit and a 26% jump in AUM to $3.46 billion. Rising prices for Bitcoin and Ethereum were key drivers of this growth.

The merger deal is also backed by a $50 million anchor investment, which will give CoinShares more capital and stronger access to U.S. institutions.

The deal is expected to close later in 2025, pending regulatory and shareholder approvals. Mognetti believes the timing is right, saying that digital assets have reached a point of no return as an investment class.

CoinShares’ IPO excitement isn’t happening in isolation. If you want to stay ahead of what’s landing on the public markets next, TipRanks’ IPO Calendar is your shortcut to seeing it all unfold in real time.