CoinShares, the leading digital asset management company in Europe, has just announced plans for the acquisition of Bastion Asset Management – a UK-based company regulated by the FCA, specializing in quantitative and market-neutral cryptocurrency strategies. The deal aims to expand the actively managed product portfolio, targeting institutional clients and reinforcing expansion plans in America. Once approved, the entire Bastion team, including CEO Philip Scott and CIO Fred Desobry, will join CoinShares.
In addition, CoinShares will be listed in America through a SPAC deal worth 1.2 billion USD with Vine Hill Capital, expected to be completed in Q4 2025. The deal will create Odysseus Holdings Limited, making CoinShares one of the largest publicly listed cryptocurrency asset management companies globally with 10 billion USD in assets. Currently, CoinShares ranks 4th in the world for cryptocurrency ETPs and leads EMEA with a 34% market share.
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