CoinShares International

CoinShares started trading on Nasdaq under ticker CSHR following a business combination with Vine Hill Capital, bringing $6 billion in assets under management and valuing the firm at $1.2 billion. The firm plans to expand in the U.S. with a shift from ETP provider to diversified digital-asset manager, targeting specialized "exotic" ETFs and further acquisitions. CoinShares reported sustained profitability, high adjusted EBITDA margins and rapid AUM growth, and already offers four U.S. ETFs with $584 million in combined assets. » More on finance.yahoo.com

Nasdaq Stockholm has approved the suspension decision and the delisting of CoinShares ordinary shares; trading is to be suspended on 23 March and the delisting to take effect on 31 March. The delisting is part of a planned transaction to merge with Vine Hill Capital and Odysseus Holdings, which is intended to enable a move of the listing to a U.S. exchange. The measures are conditional on the court‑approved scheme of arrangement in Jersey being registered; dates are provisional and may change. » More on de.investing.com

CoinShares and Vine Hill have confidentially filed a Form F-4 registration statement with the SEC to advance a proposed merger and the creation of a publicly listed holding company. The transaction would enable CoinShares to list on Nasdaq and values the company pro forma at $1.2 billion; closing is expected by the end of Q1 2026 (or Q4 2025 in partial disclosures) and remains subject to shareholder and regulatory approvals. The document contains CoinShares' financial figures; analysts point to a high P/E ratio and Vine Hill's strained short-term liquidity. » More on de.investing.com