CoinShares withdraws plans for three ETFs to focus on higher-margin opportunities and U.S. listing. CEO cites limited differentiation and sustainable margins in U.S. market for single-asset crypto ETPs. Company also winding down bitcoin futures leveraged ETF. Plans to introduce new products in U.S. market, including crypto equity exposure vehicles.

CoinShares aims to introduce new products in U.S. market over next 12 to 18 months, including thematic baskets and actively managed strategies. In September, agreed to list on Nasdaq through $1.2 billion merger. Company has $10 billion in assets under management, with presence in France, Sweden, UK, and U.S. Focused on crypto since 2013.

Read more at Yahoo Finance: CoinShares pulls plug on select crypto ETFs ahead of US listing