CoinShares Reports $32M Profit as Crypto Inflows Surge
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European investment firm CoinShares posted a net profit of $32.4 million in Q2, boosted by stronger crypto markets and surging inflows into its physically backed exchange-traded products (ETPs).
Although profits slipped 5.3% from Q1, they were still 1.9% higher year-over-year, with growth in asset management fees and treasury gains offsetting a dip in capital markets income.
Asset management fees rose to $30 million, while adjusted EBITDA came in at $26.3 million. Basic earnings per share stood at $0.49, slightly above the $0.47 recorded a year earlier.
CoinShares ended the quarter with $3.5 billion in assets under management, a 26% jump from Q1, supported by rising Bitcoin and Ethereum prices, which advanced 29% and 37% respectively. Spot crypto ETPs drew $170 million in inflows, the firm’s second-strongest quarter on record, even as legacy derivatives products saw outflows.
Additional support came from Valkyrie ETFs, which transitioned under the CoinShares brand following its acquisition. The company’s BLOCK Index also outperformed traditional markets, delivering a 53.7% gain and highlighting crypto’s growing edge over major equity benchmarks.
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