PANews reported on October 1st that according to Cointelegraph, European crypto asset management company CoinShares announced that it will acquire London-based crypto investment management company Bastion Asset Management. This move is part of its expansion strategy in the US market and aims to leverage Bastion's quantitative trading expertise to develop and launch actively managed cryptocurrency ETFs in the US. Unlike passive ETFs that simply track asset prices, actively managed ETFs rely on fund managers' investment choices to try to outperform the market. CoinShares said Bastion's team has more than 17 years of experience developing systematic, alpha-generating strategies. The acquisition is part of CoinShares’ plan to expand into the U.S. market, where it had previously planned to go public via a SPAC. Terms of the transaction, which is subject to approval from the U.K. Financial Conduct Authority (FCA), were not disclosed.PANews reported on October 1st that according to Cointelegraph, European crypto asset management company CoinShares announced that it will acquire London-based crypto investment management company Bastion Asset Management. This move is part of its expansion strategy in the US market and aims to leverage Bastion's quantitative trading expertise to develop and launch actively managed cryptocurrency ETFs in the US. Unlike passive ETFs that simply track asset prices, actively managed ETFs rely on fund managers' investment choices to try to outperform the market. CoinShares said Bastion's team has more than 17 years of experience developing systematic, alpha-generating strategies. The acquisition is part of CoinShares’ plan to expand into the U.S. market, where it had previously planned to go public via a SPAC. Terms of the transaction, which is subject to approval from the U.K. Financial Conduct Authority (FCA), were not disclosed.