CoinShares International Limited (OM:CS) agreed to acquire Valkyrie Funds LLC from Valkyrie Investments Inc. on January 12, 2024. The acquisition is pending the completion of satisfactory due diligence, the finalisation of necessary legal agreements and final CoinShares International board approval. CoinShares International exercised the option as a direct result of SEC approval for the issuance of Valkyrie's spot Bitcoin ETF, The Valkyrie Bitcoin Fund (BRRR), which commenced trading on January 11, 2024.