CoinShares Targets Wall Street Listing as Bitcoin ETPs Fuel AUM Surge

CoinShares is set to list its shares on a major Wall Street exchange, capitalizing on the recent surge in assets under management (AUM). The company has experienced a significant growth spurt, attributed largely to inflows into its Bitcoin-based Exchange Traded Products (ETPs). This rise comes as Bitcoin’s price has soared past $90,000, prompting institutional investors to seek out robust crypto exposure through ETPs. CoinShares’ AUM reached $3.4 billion this week, driven by inflows into Bitcoin products. The company aims for a Wall Street listing in line with growing market interest and investment trends in digital assets.