AS OTHERS DEPART THE US, COINSHARES EXPANDS VIA NEW HEDGE FUND UNIT

Summary from the TLDR Crypto newsletter

Crypto investment firm CoinShares is launching a hedge fund division, CoinShares Hedge Fund Solutions, to cater to US investors, marking the firm's expansion into the country. The unit will be led by Lewis Fellas and offer funds based on Bitcoin and Ethereum. This move comes while other companies have been exiting the US due to its oppositional regulatory stance. CoinShares CEO Jean-Marie Mognetti sees potential with the product as he has observed increased demand for active digital asset management amid an inflation-driven macro environment.