CoinShares has secured an “exclusive option to acquire Valkyrie Funds,” the asset manager’s investment advisory business centered on crypto ETFs.

The deal was announced through a press statement on Thursday.

Additionally, CoinShares and Valkyrie have entered into a brand licensing agreement for Valkyrie’s products. This agreement means that Valkyrie has permission to use the CoinShares name for specific products and regulatory filings; most notably its pending Bitcoin spot ETF.

“Throughout the option period, Valkyrie Investments is granted a limited, revocable global license to use the “CoinShares” name for its S-1 filings with the SEC. Should the SEC approve the Valkyrie…

Read more on Blockworks