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2h ago

CoinShares Posts $32.4 Million Q2 Profit, AUM Reaches $3.46 Billion as It Prepares U.S. Listing

Recurring fees, staking revenue plus treasury gains highlight a broader earnings base.

CoinShares posts $32.4m Q2 profit amid 26% AUM jump, eyes U.S. listing
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Overview

  • Assets under management rose 26% quarter over quarter to about $3.46 billion on rising Bitcoin (~29%) and Ethereum (~37%) prices plus net inflows.
  • Physically backed ETPs attracted $170 million in net inflows, while legacy XBT Provider products recorded $126 million of outflows.
  • Capital markets income totaled $11.3 million, including $4.3 million from Ethereum staking alongside contributions from liquidity provisioning, lending and delta‑neutral strategies.
  • Treasury operations produced $7.8 million in unrealized gains after a prior-quarter loss, reflecting active management of holdings.
  • Management is preparing to move the company’s listing from Sweden to the United States, with executives indicating timing updates are expected in Q3.