CoinShares Reports $32.4M Q2 Profit Amid Crypto Market Rebound, Plans U.S. Listing

CoinShares, Europe's leading digital asset manager, posted a $32.4 million net profit for Q2 2025, marking a 1.9% year-over-year increase. The firm's assets under management surged 26% to $3.46 billion, fueled by rising crypto valuations and $170 million in net inflows to its physically-backed exchange-traded products (ETPs).

The rebound in Bitcoin and ethereum prices, alongside institutional demand for regulated crypto exposure, drove CoinShares' second-best quarterly ETP performance. However, capital markets income dipped to $11.3 million from $14.6 million YoY, while strategic treasury holdings swung from a $3 million loss to a $7.8 million gain.

With eyes on deeper liquidity pools, CoinShares confirmed plans for a U.S. listing. "Market structure is evolving faster than regulation," said CEO Jean-Marie Mognetti, hinting at pending SEC approval for European crypto ETPs stateside. The MOVE comes as competitors like 21Shares and VanEck expand their Stateside foothold.