CoinShares Achieves $32.4M Profit in Q2 Driven by Cryptocurrency Gains

CoinShares Financial Performance

• Net Profit: CoinShares reported a net profit of $32.4 million for Q2, a slight increase from $31.8 million in the same period last year.
• Assets Under Management: The total assets under management (AUM) rose by 26% to $3.46 billion, despite experiencing $126 million in outflows from XBT.

Growth Drivers

• Bitcoin and Ethereum Performance: The growth in AUM was bolstered by a 29% increase in Bitcoin and a 37% rise in Ethereum during the quarter.
• Management Fees: The Asset Management division generated $30 million in management fees, supported by $170 million in net inflows into CoinShares Physical products, marking the second-strongest quarter for this product line.

Capital Markets and Treasury Contributions

• Capital Markets Earnings: CoinShares’ Capital Markets unit earned $11.3 million, with Ethereum staking contributing $4.3 million, Delta Neutral Trading Strategies earning $2.2 million, and Lending contributing $2.6 million.
• Treasury Management: The treasury management team reported $7.8 million in unrealized gains, a significant improvement from a $3 million loss in Q1.

Future Outlook

• Market Performance: Bitcoin reached an all-time high of $124,128 on August 14, 2025, while Ethereum peaked at $4,948 on August 24, 2025.
• CEO Insights: CEO Jean-Marie Mognetti expressed optimism for the second half of the year, citing the potential value unlocked by the company's move from Sweden to the US and the ongoing US listing process, which is expected to enhance shareholder value.