European cryptocurrency manager CoinShares recently launched a hedge fund for its US-based customers. CoinShares CEO Jean-Marie Mognetti sees the new strategy as a natural progression in line with the changing macroeconomic landscape.
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The official announcement was made by CoinShares representatives on Friday, September 22. They stated that the company will offer its products to qualified investors in the USA for the first time. The new division, called CoinShares Hedge Fund Solutions, is the company’s response to growing demand from institutional players and large portfolios. It will handle financial products based on certain crypto-assets such as Bitcoin and Ethereum.
Please note:
It is important to note that CoinShares Capital is a wholly-owned subsidiary of CoinShares. It is an officially registered broker with the Financial Industry Regulatory Authority in the United States. It will conduct marketing activities targeting US accredited investors for CoinShares Hedge Fund Solutions products.
- “We are launching the CoinShares Hedge Fund Solutions division, headed by Lewis Fellas. We aim to bridge the gap between traditional institutional investors and the dynamic world of digital assets.” – CoinShares
The hedge fund in action
A CoinShares spokesperson told Cointelegraph that the new hedge fund began operations in early August 2023. It has not yet been publicly announced. On this subject, Lewis Fellas, head of CoinShares Hedge Fund Solutions, insists and adds, “The crypto-asset sector is a space full of promise and opportunity for investors.”
A delicate regulatory context
CoinShares’ decision seems bold given the regulatory environment in the United States. Since the beginning of this year, Lewis Fellas and the rest of their development team have been implementing a series of strategies to create a platform with unrivalled performance. To achieve this goal, their new division dedicated to hedge fund management will offer a wide range of investment products backed by crypto-assets.
This decision comes in the wake of repeated attacks by regulatory bodies. These include the Securities and Exchange Commission (SEC) and its current chairman, Gary Gensler, on Ripple Labs, as well as on major ecosystem platforms such as Coinbase and Binance. The latter recently hit the headlines due to a motion filed by its US subsidiary and founder, Changpeng Zhao, seeking dismissal of the SEC’s lawsuit.
The benefits of hedge funds
This new instrument offered by CoinShares will enable institutional investors to position themselves in crypto-currencies without directly acquiring its assets. Indeed, the hedge fund will leverage CoinShares’ expertise to select the best investment strategies in the crypto-asset universe.
- A diverse range of investment products backed by crypto-assets
- Easier access for institutional investors to the opportunities offered by cryptocurrencies
- A team of experts dedicated to managing and optimizing hedge fund performance
With this bold launch, CoinShares is demonstrating its commitment to innovation in the financial investment sector. Customers looking for new opportunities will be able to take advantage of the potential offered by the dynamics of digital assets.
European cryptocurrency manager CoinShares recently launched a hedge fund for its US-based customers. CoinShares CEO Jean-Marie Mognetti sees the new strategy as a natural progression in line with the changing macroeconomic landscape.
Ad details
The official announcement was made by CoinShares representatives on Friday, September 22. They stated that the company will offer its products to qualified investors in the USA for the first time. The new division, called CoinShares Hedge Fund Solutions, is the company’s response to growing demand from institutional players and large portfolios. It will handle financial products based on certain crypto-assets such as Bitcoin and Ethereum.
Please note:
It is important to note that CoinShares Capital is a wholly-owned subsidiary of CoinShares. It is an officially registered broker with the Financial Industry Regulatory Authority in the United States. It will conduct marketing activities targeting US accredited investors for CoinShares Hedge Fund Solutions products.
- “We are launching the CoinShares Hedge Fund Solutions division, headed by Lewis Fellas. We aim to bridge the gap between traditional institutional investors and the dynamic world of digital assets.” – CoinShares
The hedge fund in action
A CoinShares spokesperson told Cointelegraph that the new hedge fund began operations in early August 2023. It has not yet been publicly announced. On this subject, Lewis Fellas, head of CoinShares Hedge Fund Solutions, insists and adds, “The crypto-asset sector is a space full of promise and opportunity for investors.”
A delicate regulatory context
CoinShares’ decision seems bold given the regulatory environment in the United States. Since the beginning of this year, Lewis Fellas and the rest of their development team have been implementing a series of strategies to create a platform with unrivalled performance. To achieve this goal, their new division dedicated to hedge fund management will offer a wide range of investment products backed by crypto-assets.
This decision comes in the wake of repeated attacks by regulatory bodies. These include the Securities and Exchange Commission (SEC) and its current chairman, Gary Gensler, on Ripple Labs, as well as on major ecosystem platforms such as Coinbase and Binance. The latter recently hit the headlines due to a motion filed by its US subsidiary and founder, Changpeng Zhao, seeking dismissal of the SEC’s lawsuit.
The benefits of hedge funds
This new instrument offered by CoinShares will enable institutional investors to position themselves in crypto-currencies without directly acquiring its assets. Indeed, the hedge fund will leverage CoinShares’ expertise to select the best investment strategies in the crypto-asset universe.
- A diverse range of investment products backed by crypto-assets
- Easier access for institutional investors to the opportunities offered by cryptocurrencies
- A team of experts dedicated to managing and optimizing hedge fund performance
With this bold launch, CoinShares is demonstrating its commitment to innovation in the financial investment sector. Customers looking for new opportunities will be able to take advantage of the potential offered by the dynamics of digital assets.
