Digital asset investment company CoinShares announced a 26% increase in its assets under management (AUM) for the second quarter of 2025, reaching $3.46 billion.
CoinShares stated that this growth occurred despite a $126 million outflow in its XBT Provider products. However, rising cryptocurrency prices helped boost growth during Q2, with Bitcoin (BTC) increasing by 29% and Ether (ETH) up by 37% in the same period.
As BTC and ETH reached new highs in August, CoinShares CEO Jean-Marie Mognetti expressed optimism for a robust second half of the year.
“The overall market activity indicates we are set for a strong second half, as reflected in the post-quarter performance,” Mognetti noted.
He added that the company is gearing up for a United States listing, which could “unlock substantial value” for its shareholders.
CoinShares’ net profits increase to $32.4 million in Q2
In Q2, CoinShares reported a net profit of $32.4 million, which is nearly a 2% rise from the $31.8 million recorded in the same quarter last year. This also represents a sharp 26% increase from the $24 million profit reported in the previous quarter.
The first quarter of this year saw a 42.2% decrease compared to the same period last year.
Mognetti highlighted the ongoing transformation in the global economic landscape, noting that macroeconomic challenges during the quarter outpaced market fluctuations.
During Q2, CoinShares’ asset management platform generated $30 million in management fees, driven by $170 million in net inflows into its CoinShares Physical products, marking the second-strongest quarter for that segment.
Additionally, the company’s capital markets unit produced $11.3 million in income and gains, including $4.3 million from ETH staking.
Related: Crypto ETPs post $1.4B losses amid recent Bitcoin, Ether sell-offs
Nearly 100 crypto ETFs are in the works in the US
As CoinShares prepares for its US listing, other firms are also entering the crypto exchange-traded product (ETP) market.
Data from Bloomberg Intelligence’s ETF analyst James Seyffart revealed that 92 crypto ETPs are awaiting a decision from the US Securities and Exchange Commission (SEC).
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