CoinShares Reports $32.4 Million Net Profit in Q2, What’s Behind The Gains?
European crypto asset manager CoinShares has released its second-quarter results, showing a net profit of $32.4 million. The figure, while slightly down 5.3% from the prior quarter, represents a 1.9% increase year-over-year, supported by growing management fees, improved treasury performance, and strong momentum in physically backed products. The company attributed the results to a surge […]
Related News
Latest CoinShares weekly report has revealed a notable shift in last week’s crypto asset investment products, with the first major outflows reported after a prolonged 19-week streak of inflows. CoinShares particularly detailed $415 million in outflows, marking a sharp reversal from the previous weeks’ steady gains. According to James Butterfill, Head of Research at CoinShares, […]
The firm's book-making took a huge hit after being exposed to the TerraUSD collapse. On Tuesday, European cryptocurrency investment firm CoinShares posted its interim Q2 2022 results. Compared to the prior year's quarter, the firm's revenue declined from 19.6 million pounds ($23.89 million) to 14.2 million pounds ($17.31 million). At the same time, its net income fell from 26.6 million pounds ($32.42 million) in Q1 2021 to 0.1 million pounds ($0.12 million). CoinShares explained that the losses were largely tied to its exposure to the Terra (LUNA) — now called Terra Classic (LUNC) —....
Managers bought $21 million worth of digital asset investment products last week, according to Coinshares. On a market-cap adjusted basis, Ethereum remains the most popular investment. Capital flows into cryptocurrency investment products rose again last week, though the pace of growth has slowed since the start of the year, possibly marking a local top in institutional demand. Net inflows totaled $21 million for the week ending March 27, 2021, according to Coinshares, a European digital-asset manager. That was the lowest level since October 2020 when Bitcoin (BTC) was trading sub-$14,000.....
The St Helier, Jersey-based XBT provider Coinshares saw roughly $202 million in XBT certificates swap hands on the market’s first day of trading in 2021. Meanwhile, on the same day, the bitcoin exchange-traded product BTCE saw $100 million in trade volume. Coinshares Group is a European firm dedicated to crypto-finance and exchange-traded products. The bitcoin exchange-traded note (ETN) provider is approved by the Swedish FSA and the firm’s digital currency ETNs are traded on Nasdaq Nordic in Stockholm. On the market’s first day of trading in 2021, Coinshares says the....
Investment activity in digital assets surged almost throughout October, as crypto investment products, especially that of Bitcoin, experienced substantial inflows, according to the latest data released by CoinShares. Last week alone, global crypto funds attracted $901 million in net inflows, pushing the total for the month to $3.4 billion. Related Reading: Bitcoin Price Rebounds Above $67,000 As Whales Continue to Accumulate Bitcoin Dominates Inflows As Ethereum Sees Outflows According to CoinShares, out of the total fund flows recorded, Bitcoin-centric investment products captured the....