CoinShares International Limited, a European investment company specialising in digital assets, today announced the renaming of its recently acquired Valkyrie Funds LLC products to CoinShares Valkyrie, effective October 31, 2024.
This strategic move follows CoinShares’ acquisition of Valkyrie Funds LLC in March 2024 and represents a significant step in integrating Valkyrie’s offerings into the CoinShares family. The rebranding aims to leverage the established market presence of Valkyrie while aligning the products with CoinShares’ existing suite, including CoinShares XBT Provider and CoinShares Physical in Europe.
At the September 11, 2024, board meeting of Valkyrie ETF Trust II, the Board of Trustees approved the following name changes, effective October 31, 2024:
- Old Name: Valkyrie Bitcoin and Ether Strategy ETF
- New Name: CoinShares Valkyrie Bitcoin and Ether Strategy ETF
- Old Name: Valkyrie Bitcoin Futures Leveraged Strategy ETF
- New Name: CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF
- Old Name: Valkyrie Bitcoin Miners ETF
- New Name: CoinShares Valkyrie Bitcoin Miners ETF
The ticker symbols for all funds will remain unchanged.
The rebranding to CoinShares Valkyrie is part of a transitional period aimed at creating a cohesive product lineup under the CoinShares brand. By retaining the Valkyrie name during this phase, CoinShares intends to continue leveraging the brand recognition and market awareness associated with Valkyrie. The ultimate goal is to fully integrate these products under the CoinShares brand by 2025.
Jean-Marie Mognetti, CEO of CoinShares, commented:
“Rebranding our Valkyrie’s products to CoinShares Valkyrie marks an important milestone in our integration process, bringing us one step closer to offering a unified and consistent suite of digital asset investment products.”
Investors in the affected funds are not required to take any action as a result of these changes. The investment objectives, strategies, and management of the funds will remain the same.
