Coinhares, one of Europe’s largest digital asset managers, is on its way to Wall Street. The company announced on Monday that it will be public in the US through a fusion of $ 1.2 billion with Vine Hill Capital Investment Corp (VCIC)., a nasdaq-listed spac.
The deal changes CoinShares’ list from Stockholm to New York and opens access to US capital markets and investors. The company administers about $ 10 billion in assets, including a package of 32 crypto -exchange -traded products (ETPS) Covers Bitcoin, Ether, Solana and other tokens. Coinshares ranks as the fourth largest global provider of digital asset ETPs behind Blackrock, Grayscale and Fidelity and has a 34% share of the European, Middle Eastern and African market.
CEO Jean-Marie Mogetti said the move reflects a turning point for digital assets as US regulation gives more clarity. “The case for digital assets as an investment class has reached a decisive bending point,” he said. “An American list will strengthen our credibility and expand our reach.”
For US investors, the transaction can mean greater access to crypto-connected products from a manager who has grown assets more than 200% over the past two years. Coinhares reported a 76% adjusted EBITDA margin in the first half of 2025, signaling strong profitability compared to peers.
The trade approved by the boards of both companies is expected to close by the end of 2025 pending regulatory and shareholder approvals. If it is completed, Coinshares will trade with Nasdaq under a new parent company, Odysseus Holdings Limited.
