CoinShares, the European crypto ETP specialist, is planning to launch its first hedge fund open to accredited US investors as part of a wider first-time push into actively managed digital asset products, according to a report by Blockworks.
CoinShares, the European crypto ETP specialist, is planning to launch its first hedge fund open to accredited US investors as part of a wider first-time push into actively managed digital asset products, according to a report by Blockworks.
The report cites an SEC filing made last week that indicates the Jersey-headquartered company, which has about $3bn in assets including funds held in its ETP products, is preparing to launch the CoinShares Bitcoin US Feeder Fund in the coming weeks.
While details of the fund’s investment strategy aren’t known at this point, its feeder fund structure indicates that the vehicle is set to funnel limited partner capital into a master fund, which in turn would serve as a conduit for incoming capital from European investors. A
CoinShares already operates a venture capital arm that accepts external investments, including contributions from US investors.
