CoinShares International Limited, Europe’s largest digital asset manager, reported another profitable quarter. Strong gains in crypto markets boosted revenues across its business units.
More closely, Bitcoin and Ethereum’s second quarter (Q2) rally underpinned the growth, amid growing institutional interest in crypto markets.
CoinShares Q2 Profit Hits $32 Million Amid Crypto and Bitcoin Rally
For the quarter ending June 30, 2025, CoinShares posted a net profit of $32.4 million, slightly ahead of last year’s $31.8 million.
Asset management fees climbed to $30 million, driven by inflows into its flagship products and higher market valuations. The firm also recorded $7.8 million in treasury gains, reversing a $3 million loss from Q1.
“In the three months, we saw a significant recovery in digital asset pricing, with Bitcoin rallying 29% and Ethereum 37% in the quarter,” read an excerpt in the announcement, which cited CEO Jean-Marie Mognetti.
CoinShares’ products mirrored this momentum. CoinShares Physical saw $170 million in net inflows, its second-strongest quarter on record.
Meanwhile, overall AuM jumped 25% post-quarter to reach an all-time high. Despite $126 million in outflows, its XBT Provider platform closed Q2 with $3.46 billion in AuM, up from $2.75 billion in Q1, thanks to rising asset prices.
The firm’s proprietary BLOCK Index, which tracks blockchain-related equities, surged 53.7%. It outperformed Bitcoin and traditional benchmarks like the S&P 500 and MSCI World.
CoinShares’ capital markets unit also held steady, generating $11.3 million in gains and income. Ethereum staking remained the top contribu
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Author: Lockridge Okoth