According to Cointelegraph, European crypto asset manager CoinShares has announced that it will acquire London-based crypto investment manager Bastion Asset Management.
The move is part of an expansion strategy in the US to leverage Bastion's quantitative trading expertise to develop and launch actively managed cryptocurrency ETFs in the US. Unlike passive ETFs, which only track asset prices, actively managed ETFs rely on fund managers' investment choices to try to outperform the market. CoinShares said Bastion's team had more than 17 years of experience in developing systematic, alpha-generating strategies.
The acquisition is part of CoinShares' broader push into the US market, where it had planned to list through the SPAC. The deal is subject to approval by the UK's Financial Conduct Authority on undisclosed terms.
CoinShares plans to acquire Bastion Asset Management, aiming to launch an actively managed crypto ETF in the United States
2025-10-01 11:26:17
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