What happened?
CoinShares is set to buy Bastion Asset Management, a UK FCA‑regulated firm known for market‑neutral and quantitative crypto strategies. The deal will fold Bastion’s team, including its CEO and CIO, into CoinShares to boost its actively managed product lineup. Financial terms weren’t disclosed and the acquisition still needs regulatory approval.
Who does this affect?
Institutional investors who want regulated, actively managed crypto products stand to gain new options for yield and hedging. CoinShares and Bastion employees and clients will be directly affected as teams and strategies are integrated. The move also impacts rival crypto asset managers and ETP providers by raising the bar for product breadth and regulated offerings.
Why does this matter?
This strengthens CoinShares’ ability to offer both passive and active crypto strategies, which could attract more institutional flows into regulated products. By adding quantitative, market‑neutral strategies, CoinShares may shift some investor demand away from pure passive ETPs toward active solutions that manage volatility. Combined with its planned US listing and MiCA authorisation, the deal could increase competition, AUM growth and liquidity in the digital asset market.