Meltem Demirors, the former chief strategy officer of CoinShares, was part of a reshuffle at the firm and is no longer on the executive committee.

In an announcement, CoinShares revealed new changes in its executive management committee. Demirors stepped down from the executive management committee on December 31 as part of a transition.

She no longer holds the position of head of strategy at Coinshares and is now in an advisory role. Demirors remains an active investor and advisor in the crypto space through her personal fund, Athena Capital. Coinshares announced it has appointed Lewis Fellas, as the head of the Coinshares hedge fund and he has become a member of the executive management committee.

In January, CoinShares announced it had it has secured an exclusive option to acquire Valkyrie Funds. This would expand European digital asset firm’s U.S. offerings. Valkyrie’s spot bitcoin exchange-traded (ETF) was approved by U.S. regulators.

Coinshares and Demirors were unavailable for further comment at press time.

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