Crypto asset manager CoinShares announced on Friday its foray into the U.S. with the launch of CoinShares Hedge Fund Solutions.
This move will extend the company's offerings to qualified U.S. investors, providing a diverse range of investment products tailored to the digital asset space.
This strategic expansion comes ahead of the much-anticipated Benzinga's Future of Digital Assets conference on Nov. 14.
CoinShares wants to be the go-to destination for institutions in the digital assets realm, ensuring institutional clients have the necessary tools and insights for digital asset investments.
CoinShares Capital LLC, a subsidiary of CoinShares, will spearhead marketing activities for hedge fund solutions in the U.S.
The company's roots trace back to the commodity hedge fund Global Advisors, which later founded the Global Advisors Bitcoin Investment Fund in 2014.
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To lead the new division, CoinShares has appointed industry veteran, Lewis Fellas, as head of CoinShares Hedge Fund Solutions.
Fellas brings over two decades of asset management experience to the table.
CoinShares CEO Jean-Marie Mognetti remarked on the expansion: "In a changing macro environment, the demand for actively managed exposure to digital assets is a natural progression. Our products focus on delivering a premium experience to our investors."
Fellas added, “The design of our strategies showcases the firm’s ability to develop products that meet institutional demands. We plan to capture opportunities with our novel fund products, designed to mitigate risks while providing clear asset class exposures.”
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