CoinShares Acquires Bastion Asset Management to Strengthen Digital Assets Capabilities

CoinShares, a European asset manager specializing in digital assets with $10 bln in AuM, has acquired Bastion Asset Management, a London-based crypto-focused alternative investment manager. The acquisition strengthens CoinShares' actively managed capabilities and enhances its digital asset management platform. Following integration, Bastion's strategies, team, and capabilities will become part of CoinShares.

CoinShares, a leading European asset manager specializing in digital assets with approximately $10 billion in assets under management (AuM), has acquired Bastion Asset Management, a London-based crypto-focused alternative investment manager. This strategic acquisition aims to enhance CoinShares' actively managed capabilities and expand its digital asset management platform.

The acquisition of Bastion Asset Management, a London-based, FCA-regulated alternative investment manager, significantly strengthens CoinShares' actively managed digital asset capabilities CoinShares Boosts ETF Strategy with Acquisition of Bastion Asset Manager^[1]. Bastion brings over 17 years of experience in developing systematic, alpha-generating strategies, having worked with leading hedge funds such as BlueCrest Capital and Systematica Investments. CoinShares plans to leverage Bastion's quantitative approach, which uses academically backed signals to generate returns, regardless of market conditions.

Following the acquisition, Bastion's strategies, team, and capabilities will become part of CoinShares' expanded platform. The integration of Bastion's expertise in systematic trading with CoinShares' broad product suite positions the firm to offer unique, actively managed ETFs that provide returns independent of the broader market's direction. This move is expected to differentiate CoinShares in the highly competitive ETF market and attract institutional investors seeking more tailored and advanced crypto investment products.

The acquisition of Bastion is part of CoinShares' broader expansion strategy in the US. The firm is preparing for a public listing in the US through a special purpose acquisition company (SPAC), which is expected to give CoinShares greater access to US capital markets and raise its visibility among American institutional investors. The acquisition of Bastion will enable CoinShares to develop sophisticated, actively managed funds in the US market, establishing the firm as a uniquely positioned provider of institutional-grade, actively managed digital asset products CoinShares Set to Acquire Bastion Asset Management to Strengthen Actively Managed Digital Asset Capabilities^[2].

CoinShares aims to become a leading institutional player in the US digital asset market by expanding its product offering with active ETFs. The US remains a major market for digital assets, and CoinShares is positioning itself to capitalize on the growing institutional demand for crypto investment products.