CoinShares Shatters Records with Massive Q2 Profits and All-Time High AUM—Now Eyeing US Stock Exchange Listing
CoinShares isn’t just riding the crypto wave—it’s leading the charge. With blockbuster Q2 earnings and assets under management hitting unprecedented levels, the firm is positioning itself as a heavyweight in the digital asset arena.
Strong Q2 Profit Performance
The numbers speak for themselves. Quarter two wasn’t just good—it was exceptional. Profit margins surged, reflecting both strategic positioning and market momentum.
Record-Breaking AUM
Assets under management didn’t just grow—they exploded. Setting a new benchmark, CoinShares proved that institutional interest isn’t cooling off anytime soon.
US Stock Exchange Ambitions
A stateside listing isn’t just a rumor anymore. Plans are firming up, signaling CoinShares’ intent to compete on the world’s largest financial stage—because what’s a bull market without a little ambition?
While traditional finance still scratches its head over Bitcoin, CoinShares is busy printing profits—almost as if they know something the skeptics don’t.
Asset management pulls in inflows, records highest AUM ever
CoinShares’ asset management unit was pushed up by inflows into CoinShares Physical, which brought in $170 million, the second-highest quarterly inflow on record.
That single product generated $6.8 million in management fees, boosting total platform revenue. Despite XBT Provider seeing $126 million in outflows, total assets under management jumped from $2.75 billion to $3.46 billion by the end of Q2.
The outflows, Jean-Marie noted, came during a period of fast crypto price appreciation. CoinShares says this is a pattern they’ve seen before, where investors pull profits even as asset values rise, with the net result still favoring AUM growth.
The company also reported that AUM has increased by 25% post-quarter due to price action in bitcoin and Ethereum. Jean-Marie pointed to August highs as evidence, with BTC peaking at $124,128 on August 14, and ETH hitting $4,945 on August 24 before both retraced. Still, CoinShares says fee generation remains strong because average AUM and trading volume are holding.
Also in Q2, CoinShares finished rebranding Valkyrie to CoinShares in the US and brought on new team members in marketing and sales to push distribution.
Meanwhile, the BLOCK Index product returned 53.7%, outperforming Bitcoin and traditional indices like the S&P 500 and MSCI World, and helped add alpha to the platform’s product suite.
Capital markets income dips but treasury flips loss into gain
CoinShares’ capital markets division pulled in $11.3 million in income and gains. That figure includes $4.3 million from ethereum staking, which Jean-Marie called the “largest single contributor” this quarter.
The staking business continued to produce steady revenue despite market volatility. Liquidity provisioning generated $1.5 million, which was slightly lower than Q1, matching slower gross flows on the XBT platform.
Delta-neutral strategies produced $2.2 million, while lending added $2.6 million, rounding out the capital markets contributions.
The company didn’t just stop there. Its treasury division posted $7.8 million in unrealized gains, reversing Q1’s $3.0 million loss. CoinShares said it will keep adjusting its treasury portfolio like a trader managing positions, moving funds based on asset performance and perceived risk.
Jean-Marie said treasury holdings are being treated like “tactical allocations,” meaning the firm views the treasury as another revenue-generating opportunity, not just a cash buffer.
Jean-Marie also used the update to call out the current US political climate, saying “The regulatory environment has never been more favorable, with landmark legislation and a presidential administration that appears to champion crypto innovation.”
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