CoinShares Netted $513.1M Profit in Q2
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2024
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Source: Yahoo Finance
CoinShares Financial Performance: CoinShares reported a profit after tax of approximately $513.1 million in Q2, significantly up from $13 million in the same quarter last year, despite a loss of $481.4 million on the fair value of digital assets due to a market downturn.
Growth in Assets and Fees: The firm's total assets under management nearly doubled to $5.3 billion, with asset management fees more than doubling to $28.45 million, bolstered by the acquisition of Valkyrie's ETF unit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
