Major European cryptocurrency asset manager CoinShares is launching a hedge fund division in the United States despite the country’s tough crypto regulation climate.
CoinShares officially announced the news on Sept. 22, stating that the firm will roll out its offerings for qualified U.S. investors for the first time ever.
The new division, called CoinShares Hedge Fund Solutions, is the company’s response to the growing demand for products based on cryptocurrencies like Bitcoin (BTC).
For the first time, CoinShares will be making its offerings accessible to qualified U.S. investors through a range of private investment products.
Learn more about CoinShares Hedge Fund Solutions here: https://t.co/pFVbP8IF3P
“Crypto is full of fleeting promises and momentary successes along the pathway to mass adoption,” CoinShares Hedge Fund Solutions head Lewis Fellas said. The requirements of institutional cryptocurrency investors are “constantly evolving with the changing risk landscape,” he noted.
The new hedge fund division will feature crypto investment products aiming to connect traditional investors and the digital asset industry. Without specifying the exact crypto products, the announcement mentioned a wide number of its products coming to the United States, stating:
CoinShares Capital, a fully-owned subsidiary of CoinShares and a broker-dealer registered with the United States Financial Industry Regulatory Authority, will be conducting marketing activities to qualified U.S. investors for CoinShares Hedge Fund Solutions’ products.
Related: Crypto fund outflows reach nearly half a billion over 9 weeks — CoinShares
Headquartered in Jersey, CoinShares is one of the world’s largest crypto investment firms, offering a large number ofRead more on cointelegraph.com