Coinshares Goes Public on Nasdaq Under CSHR
The listing completes a business combination between Coinshares International Limited, special purpose acquisition company Vine Hill Capital Investment Corp. (Nasdaq: VCIC), and a newly formed holding company, Coinshares PLC, previously known as Odysseus Holdings Limited. Coinshares International Limited is now a wholly owned subsidiary of Coinshares PLC, which serves as the publicly listed parent company.
The transaction was valued at approximately $1.2 billion pre-money equity value and was anchored by a $50 million institutional common equity commitment.
Coinshares manages more than $6 billion in assets across a 39-product suite spanning four platforms. The company holds the No. 1 market position in Europe for crypto exchange-traded products (ETPs), with roughly 34% market share. By crypto ETP assets under management, Coinshares ranks among the top four digital asset managers globally, alongside Blackrock, Fidelity, and Grayscale.
Jean-Marie Mognetti, co-founder, president, and CEO of Coinshares, said the company spent more than a decade building institutional-grade digital asset infrastructure in Europe. The Nasdaq listing, he said, brings that work to the world’s largest capital market.
“This listing is about more than a change of venue,” Mognetti said. “It reflects the strategic evolution of Coinshares from a pure-play ETP provider into a diversified asset manager specializing in digital assets.”
Mognetti cited expansion into listed asset management, active alternative strategies, and decentralized finance as key areas of product development. He said the company plans to grow organically and pursue targeted acquisitions at fair prices.
Nicholas Petruska, CEO of Vine Hill Capital, said Coinshares demonstrated operational discipline and the capacity to execute a complex transaction. He described the combination as a compelling investment proposition given the pace of institutional digital asset adoption.
Coinshares laid out several reasons for the U.S. listing. The company said Nasdaq access gives it proximity to the deepest pool of institutional capital globally, broader sell-side analyst coverage, and a stronger platform for U.S. product expansion.
The company operates a fee-based revenue model and says it generates consistent profitability and free cash flow. Coinshares is headquartered in Saint Helier, Jersey.
Institutional adoption of digital assets has picked up among U.S. investors over the past two years, with major asset managers filing for and launching spot bitcoin and ethereum ETFs. A Nasdaq listing places Coinshares inside that market as demand from institutional buyers continues to grow.
Coinshares has been publicly traded in Europe for years. The U.S. listing through a SPAC structure gives the company access to American institutional and retail investors without a traditional IPO process.
The company said its U.S. expansion strategy does not end with the listing. Coinshares indicated it plans to build out its American product lineup and pursue growth on multiple fronts as it competes in the institutional digital asset space.
FAQ 🔎
- What is Coinshares’ Nasdaq ticker symbol? Coinshares trades on the Nasdaq Stock Market under the ticker symbol CSHR, effective April 1, 2026.
- How did Coinshares list on Nasdaq? Coinshares completed a business combination with special purpose acquisition company Vine Hill Capital Investment Corp. to effect the U.S. listing.
- How much does Coinshares manage in assets? Coinshares manages more than $6 billion in assets across a 39-product suite spanning four platforms.
- Where does Coinshares rank among digital asset managers? Coinshares ranks among the top four digital asset managers globally by crypto ETP assets under management, alongside Blackrock, Grayscale, and Fidelity.