Coinshares Bitcoin ETF Common Shares of Beneficial Interest (BRRR)

CoinShares, a leading European digital asset manager with $10 billion in assets under management, will become publicly listed on Nasdaq through a business combination with Vine Hill Capital, valuing the company at $1.2 billion and positioning it for strategic U.S. market expansion.

The SEC has delayed decisions on XRP ETF applications from multiple firms until October, continuing a pattern of cautious cryptocurrency financial instrument reviews. While ETF approvals are expected, significant price impacts are unlikely due to market anticipation.

CoinShares reported its Q1 2025 results, with asset management revenue of $29.6 million and EBITDA of $29.8 million. The company's CoinShares Physical platform led the European crypto ETP market, but its Principal Investment division saw a loss of $1.5 million.

IBIT, FBTC, BITB, BRRR, HODL are part of the Zacks top Analyst Blog.

Bitcoin-related stocks and funds rose on Tuesday, as the cryptocurrency’s price climbed above $57,000 to the highest level seen since it hit an all-time high in November 2021.