CoinShares International said on Friday it has exercised an option to acquire Valkyrie Funds, expanding the European digital asset firm's U.S. offerings, after Valkyrie's spot bitcoin exchange-traded fund won the U.S. regulator's approval. The U.S. securities regulator on Wednesday approved eleven U.S.-listed ETFs, including Valkyrie's, that track the spot price of bitcoin, the world's largest cryptocurrency. They saw a combined $4.6 billion worth of shares trade hands as of Thursday as investors jumped into the landmark products. The acquisition will see CoinShares take over Valkyrie's approximately $110 million in ... (full story)