CoinShares will launch a hedge fund for U.S. institutions to expand actively managed digital asset products

ChainCatcher news, European cryptocurrency ETP company CoinShares is expanding into actively managed digital asset products, including hedge funds aimed at U.S. institutions. The assets managed by the company's asset management division, including funds held in its ETP products, currently amount to approximately $3 billion.

It is reported that the new fund CoinShares Bitcoin US Feeder Fund is expected to start trading in the coming weeks and will charge a performance fee in addition to management fees. CoinShares plans to transition from a pure proprietary model with no external investors to a traditional active asset management platform.