CoinShares, a major European cryptocurrency investment firm, announced this week it has secured a license under the Markets in Crypto-Assets Regulation (MiCA), becoming the first continental European regulated asset management company to achieve this qualification.
The license was granted to CoinShares’ French subsidiary, CoinShares Asset Management, the company stated Wednesday.
CoinShares, a leading provider of crypto exchange-traded products (ETPs) in Europe, holds three regulatory licenses in the EU: MiCA, MiFID, and AIFM. This combination allows the firm to offer services across all EU asset classes, a capability notably unique in continental Europe.
Triple License Advantage
Commenting on the milestone, CoinShares CEO Jean-Marie Mognetti stressed that the MiCA license provides a clear, harmonised regulatory framework across the EU.
CoinShares’ MiCA license, issued by the French Autorité des Marchés Financiers (AMF), enables the provision of portfolio management and advice on crypto assets in the EU. This license, combined with existing MiFID and AIFM authorizations, facilitates operations passported in France, Germany, Cyprus, Ireland, Lithuania, Luxembourg, Malta and the Netherlands. The company anticipates extending authorization across all member states.
US Expansion Tactically Underway
Beyond the EU, CoinShares has aggressively expanded its presence in the US market since acquiring Valkyrie Funds last year.
Since its formal US market entry in 2023, CoinShares has launched several crypto-themed ETFs. These include: the Bitcoin and Ether Futures ETF (BTF), Bitcoin Mining ETF (WGMI), Spot Bitcoin ETF (BRRR), Bitcoin Futures Leveraged ETF (BTFX), and the potential XRP ETF following the Valkyrie acquisition.
