CoinShares, a European cryptocurrency investment firm, is optimistic about the regulatory climate in the United States as it enters the new market. On Sept. 22, CoinShares officially announced the launch of its new division, CoinShares Hedge Fund Solutions, which marks the first time the firm has offered its services to qualified U.S. investors. CoinShares’ entrance into the U.S. market comes at a time when many U.S. crypto firms are looking to expand their businesses outside the country due to regulatory hurdles at home. A spokesperson for CoinShares told Cointelegraph that the U.S. is a global leader in terms of digital asset development, citing industry collaborations of BlackRock with Circle and Coinbase. The expansion of CoinShares in the U.S. comes just a few months after CEO ​​Jean-Marie Mognetti declared that Europe’s approach to crypto has been “even more problematic when compared to the financial might of U.S. institutions.” CoinShares remains committed to Europe, however, and is registered both in the U.S. and the United Kingdom. CoinShares is a major provider of crypto exchange-traded products or ETPs, debuting its first Bitcoin exchange-traded product (ETP) in 2015. The firm has not yet disclosed whether it plans to join the spot Bitcoin ETF race in the United States. CoinShares is registered with the SEC as an exempt reporting adviser, with CoinShares Limited acting as general partner for the private investment funds created by CoinShares Hedge Fund Solutions.

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Information	Details
Geography	Europe
Countries	🇺🇸 🇬🇧
Sentiment	positive
Relevance Score	9
People	Coinbase., BlackRock, Jean-Marie Mognetti, Circle, Fidelity
Companies	CoinShares, Chainalysis, BlackRock, SEC, Circle, Coinbase, Fidelity
Currencies	Euro, Bitcoin, US Dollar, Ethereum, British Pound
Securities	Invesco, BlackRock, Fidelity, Coinbase, SEC