Crypto asset manager CoinShares began trading on the Nasdaq on April 1, marking its entry into US public markets after its $1.2B SPAC merger with Vine Hill

CoinShares is now a US public company. The crypto asset manager kicked off trading on the Nasdaq on Wednesday under the ticker CSHR, completing its long-awaited entry into American public markets.

The listing comes via a $1.2 billion merger with Vine Hill, a special purpose acquisition company. SPAC deals have had a rocky reputation in recent years, but CoinShares is betting the route gives it faster access to US capital markets and broader investor exposure.

For the crypto industry, it's another sign of institutional players pushing deeper into traditional finance infrastructure. CoinShares manages crypto-focused investment products and has operated primarily in European markets until now.

The Nasdaq debut puts CoinShares alongside a growing roster of crypto-native firms seeking legitimacy — and liquidity — through US stock exchanges.