US Not Lagging Behind in Crypto Adoption and Regulation – CoinShares

CoinShares Optimistic About Crypto Regulation in the US

European cryptocurrency investment firm CoinShares is looking to the future with optimism as they enter the US market with their new division, CoinShares Hedge Fund Solutions.

Coinbase, a US-based crypto firm, has been pushing for expansion in Europe and the UK while facing a lawsuit from the Securities and Exchange Commission for allegedly violating securities laws. This paints a picture of the US government’s approach to crypto regulation being “less attractive” for crypto firms.

CoinShares’ entrance into the US market is a sign of the firm’s optimism in the face of this regulatory environment. The company’s offering is now available to qualified US investors for the first time.

CoinShares’ move into the US market is seen as a sign of hope for the crypto industry. With the company’s confidence in the US regulatory environment, other crypto firms may soon follow.

Crypto Expansion in the U.S.

CoinShares, a crypto regulation critic, believes that the U.S. is a global leader in terms of digital asset development, as stated by a spokesperson for CoinShares to Cointelegraph. The representative went on to explain that the U.S. is home to 50% of globally managed assets and is a dominant financial market, citing industry collaborations such as BlackRock with Circle and Coinbase.

In July 2023, CoinShares CEO Jean-Marie Mognetti declared that Europe’s approach to crypto was “even more problematic when compared to the financial might of U.S. institutions.” He further added that “financial behemoths” such as BlackRock and Fidelity, who have each filed a spot Bitcoin ETF, are well-positioned to provide widespread crypto exposure.

CoinShares’ expansion in the U.S. market is a testament to the crypto opportunities offered by the nation. With the crypto aggregator, crypto flash, crypto India, coin crypto, crypto sites, etc crypto, crypto today latest, and flow crypto, U.S. institutions are well-positioned to provide widespread crypto exposure, according to forexsfxgroup.com – crypto.

CoinShares Committed to Europe

CoinShares, one of the world’s largest crypto investment firms and provider of crypto exchange-traded products (ETPs), is bullish about the crypto regulatory climate in the United States. The firm is also committed to Europe, and its Hedge Fund Solutions (HFS) is registered both in the U.S. and the United Kingdom.

The CoinShares representative told Cointelegraph that the firm must adhere to strict regulations regarding the disclosure of forward-looking information. They could not provide specific details on CoinShares’ future product launches, but it is known that the firm debuted its first Bitcoin (BTC) ETP in 2015.

CoinShares has been registered with the SEC as an exempt reporting adviser. CoinShares Limited acts as a general partner for the private crypto investment funds created by CoinShares Hedge Fund Solutions.