Crypto investment firm CoinShares opens hedge fund division for US investors

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

— CoinShares (@CoinSharesCo) September 22, 2023

“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.

A spokesperson for CoinShares told Cointelegraph that the new hedge fund commenced operations in August 2023. “Since January, Lewis and the team have been developing the strategies and refining the platform,” the representative noted.

The new hedge fund division features 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:

“By offering a diverse range of products, across the spectrum of beta and alpha strategies with hybrids in between, CoinShares aims to cater to the unique needs of each institution, facilitating the creation of a well-rounded and optimised crypto portfolio.”

CoinShares Capital, a fully-owned subs

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Author: Helen Partz

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