PANews reported on August 29th that, according to The Block, European crypto asset management company CoinShares reported a second-quarter net profit of $32.4 million, as rising cryptocurrency prices drove record inflows into its physically backed ETFs and led to a surge in its assets under management. CoinShares' second-quarter report showed a 5.3% decrease in net profit from the previous quarter, but a 1.9% increase from the previous year. The company's asset management fees were $30 million, up from $28.3 million in the same period last year; capital markets revenue was $11.3 million, slightly down from $14.6 million in the second quarter of 2024. Adjusted EBITDA was $26.3 million, and basic earnings per share were $0.49, compared to $0.47 in the same period last year. Furthermore, its assets under management increased 26% from the previous quarter to $3.5 billion in the second quarter. The company also confirmed that it is preparing for a U.S. IPO, aiming to capitalize on higher valuations and a favorable regulatory environment to kick-start its next phase of growth. CoinShares’ CEO expects further clarity on the timing of the U.S. listing this quarter.PANews reported on August 29th that, according to The Block, European crypto asset management company CoinShares reported a second-quarter net profit of $32.4 million, as rising cryptocurrency prices drove record inflows into its physically backed ETFs and led to a surge in its assets under management. CoinShares' second-quarter report showed a 5.3% decrease in net profit from the previous quarter, but a 1.9% increase from the previous year. The company's asset management fees were $30 million, up from $28.3 million in the same period last year; capital markets revenue was $11.3 million, slightly down from $14.6 million in the second quarter of 2024. Adjusted EBITDA was $26.3 million, and basic earnings per share were $0.49, compared to $0.47 in the same period last year. Furthermore, its assets under management increased 26% from the previous quarter to $3.5 billion in the second quarter. The company also confirmed that it is preparing for a U.S. IPO, aiming to capitalize on higher valuations and a favorable regulatory environment to kick-start its next phase of growth. CoinShares’ CEO expects further clarity on the timing of the U.S. listing this quarter.
CoinShares reports $32.4 million in net profit in Q2, confirms preparations for US IPO
PANews reported on August 29th that, according to The Block, European crypto asset management company CoinShares reported a second-quarter net profit of $32.4 million, as rising cryptocurrency prices drove record inflows into its physically backed ETFs and led to a surge in its assets under management. CoinShares' second-quarter report showed a 5.3% decrease in net profit from the previous quarter, but a 1.9% increase from the previous year. The company's asset management fees were $30 million, up from $28.3 million in the same period last year; capital markets revenue was $11.3 million, slightly down from $14.6 million in the second quarter of 2024. Adjusted EBITDA was $26.3 million, and basic earnings per share were $0.49, compared to $0.47 in the same period last year. Furthermore, its assets under management increased 26% from the previous quarter to $3.5 billion in the second quarter.
The company also confirmed that it is preparing for a U.S. IPO, aiming to capitalize on higher valuations and a favorable regulatory environment to kick-start its next phase of growth. CoinShares’ CEO expects further clarity on the timing of the U.S. listing this quarter.
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