CoinShares Unveils a Hedge Fund Unit in US
Despite pressure from US authorities on the blockchain industry, digital asset management company CoinShares is launching a division in the country to collaborate with local hedge funds.
The company’s announcement highlights the decision to form partnerships with institutional investors from the United States, indicating a growing interest in testing the potential of cryptocurrencies.
The establishment of CoinShares Hedge Fund Solutions is a response to the increasing demand from American capital for innovative investment tools.
In spite of regulatory pressure in the US, institutions are still eager to enter the cryptocurrency market, leading to startups seeking opportunities in other jurisdictions.
CoinShares’ fund has been operating in the US since August, but the company is open to expanding its partnerships and presence in the country in the coming months.
