CoinShares, a European crypto ETP specialist, is expanding into actively managed digital asset products, including a hedge fund targeting US institutions. The company has gained recognition for its valuable industry research and operates a venture capital arm that accepts external investments, including contributions from US investors. The company's asset management arm, including assets held within its ETP products, amounted to approximately $3 billion.

The new fund, CoinShares Bitcoin US Feeder Fund, appears set to start trading in the coming weeks and will impose performance fees on top of management fees. CoinShares plans to transform from a pure proprietary model with no external investors to a traditional active asset manager platform.