Crypto asset manager CoinShares to begin trading on Nasdaq through SPAC merger

Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Key Points Crypto investment firm CoinShares will begin trading on Nasdaq Wednesday through a SPAC merger with Vine Hill Capital. The deal closed late Tuesday, CNBC has learned. "We want to be a much bigger company, and we need to grow so our success will be measured at some point by our capacity to grow in this American market," CEO and co-founder Jean-Marie Mognetti told CNBC in an exclusive interview. After an explosive year of crypto IPOs in 2025, crypto stocks are suffering from a sharp sector-wide decline over the past six months. "We don't believe in timing windows, we believe in when the company is ready," Mognetti said, regarding the timing of its listing. In this article VCIC BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNT Nurphoto | Crypto investment firm CoinShares said it will begin trading on Nasdaq Wednesday through a merger with a special purpose acquisition company, or SPAC. The company is merging with Vine Hill Capital to form the holding company CoinShares PLC. The deal closed late Tuesday, CNBC has learned. It was first announced in September, and it values the business at about $1.2 billion, including a $50 million investment from institutional investors. Shares will trade under the ticker CSHR. CoinShares is a 12-year-old European asset manager with a focus on crypto assets, serving both institutional and retail investors. …