European crypto asset manager CoinShares announced the acquisition of London-based Bastion Asset Management to expand crypto investment products in the US, pending UK FCA approval. CoinShares aims to offer actively managed products in the US, differentiating from passive products in response to growing institutional demand for sophisticated investment solutions.

CoinShares’ registered investment adviser status allows the company to offer actively managed investment products in the US, with strategic expertise expected from Bastion’s team. The rise of active ETFs in the crypto market signals a shift from passive funds, with CoinShares planning a US listing to enhance visibility and access to American institutional investors.

The US SEC’s approval of rule changes for new crypto funds will streamline ETF approvals, cutting the time from filing to launch to 75 days from 240 days. This regulatory development aligns with CoinShares’ strategic move to go public in the US through a special purpose acquisition company at a $1.2 billion pre-money equity valuation.

Read more at Cointelegraph: CoinShares To Acquire Bastion For Active Crypto ETFs In US