CoinShares reported a 26% increase in assets under management (AUM) in Q2 2025, reaching $3.46 billion, despite experiencing a $126 million outflow in its XBT Provider products. The company's net profit rose to $32.4 million, marking a 35% increase from the previous quarter. The growth is attributed to rising cryptocurrency prices, with Bitcoin and Ether surging by 29% and 37%, respectively, in the same period. CEO Jean-Marie Mognetti is optimistic about a strong second half of the year, mentioning preparations for a U.S. listing that could enhance shareholder value. Additionally, CoinShares generated $30 million in management fees from its platform and reported significant income from its capital markets unit, primarily from ETH staking. The company is navigating a competitive landscape as it prepares for potential expansion alongside other firms planning crypto exchange-traded products (ETPs).

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