CoinShares secures French MiCA license, cementing EU presence

July 23 2025, European crypto asset manager CoinShares received a MiCA license from France’s AMF, becoming the first continental firm fully authorized under the EU’s crypto regulatory regime.

CoinShares achieves MiCA milestone in France

CoinShares announced that its subsidiary, CoinShares Asset Management, has received authorization under the Markets in Crypto-Assets Regulation (MiCA). The license, granted by France’s AMF, positions CoinShares as the first regulated European asset management company under MiCA.

This regulatory breakthrough enables CoinShares to offer crypto asset management and advisory services across the EU, with the company calling the development a “major milestone” for the entire industry.

Triple license status sets CoinShares apart

With the new MiCA approval, CoinShares now holds three key licenses:

• MiCA license (crypto portfolio management)
• MiFID license (traditional financial instruments)
• AIFM license (alternative investment funds under UCITS directive)

This triple license mix enables the firm to operate across all major EU asset classes. CoinShares currently has passported operations in France, Germany, Cyprus, Ireland, Lithuania, Luxembourg, Malta, and the Netherlands.

MiCA license strengthens EU crypto framework

CEO Jean-Marie Mognetti said the MiCA framework replaces “partial or improvised” rules with a unified structure for digital assets across the EU. He emphasized that MiCA provides regulatory clarity for asset managers and opens up broader service possibilities.

U.S. expansion continues post-Valkyrie

While reinforcing its EU leadership, CoinShares continues to grow its U.S. footprint after acquiring Valkyrie Funds in 2023. In the U.S., the firm offers multiple crypto ETFs:

• CoinShares Bitcoin & Ether Futures ETF (BTF)
• Bitcoin Mining ETF (WGMI)
• CoinShares Bitcoin ETF (BRRR)
• Bitcoin Futures Leveraged ETF (BTFX)

The firm is also exploring new filings, including a potential spot XRP ETF.