CoinShares International Limited, the largest digital asset manager in Europe, has reported another profitable quarter. The recent boost in crypto markets led to increased revenues throughout its various business units.
The rally of Bitcoin and Ethereum in the second quarter (Q2) significantly contributed to this growth, driven by rising institutional interest in crypto markets.
CoinShares Q2 Profit Reaches $32 Million Amid Crypto and Bitcoin Surge
For the quarter ending June 30, 2025, CoinShares reported a net profit of $32.4 million, slightly surpassing last year’s $31.8 million.
Asset management fees increased to $30 million, fueled by inflows into its flagship products and higher market valuations. The firm also noted $7.8 million in treasury gains, recovering from a $3 million loss in Q1.
“During the three months, we experienced a remarkable recovery in digital asset pricing, with Bitcoin surging 29% and Ethereum 37% in the quarter,” read a quote from the announcement by CEO Jean-Marie Mognetti.
CoinShares’ products reflected this upward trend. CoinShares Physical achieved $170 million in net inflows, marking its second-strongest quarter on record.
Moreover, total Assets under Management (AuM) rose 25% post-quarter, reaching an all-time high. Despite $126 million in outflows, its XBT Provider platform concluded Q2 with $3.46 billion in AuM, up from $2.75 billion in Q1, largely due to increasing asset prices.
The firm’s proprietary BLOCK Index, which tracks blockchain-related equities, climbed 53.7%, outperforming Bitcoin and traditional benchmarks such as the S&P 500 and MSCI World.
CoinShares’ capital markets unit also performed well, generating $11.3 million in gains and income. Ethereum staking was the leading contributor at $4.3 million, showcasing the ongoing potential of staking as a reliable revenue source.
CoinShares Set to Enter US IPO Market
Mognetti emphasized the company’s plans for expansion into the US, with intentions for a public listing already underway. He pointed to Circle and Bullish as recent examples of crypto firms that have successfully leveraged the American market.
“We believe relocating from Sweden to the US will create significant value for our shareholders,” Mognetti stated.
With Bitcoin reaching a new all-time high of $124,128 in August and Ethereum hitting $4,945, CoinShares anticipates continued growth in the latter half of 2025.
The company underscored the current US regulatory landscape as the most favorable in years, citing supportive legislation and a crypto-friendly administration as beneficial factors.
“We intend to take advantage of this convergence of opportunities for our shareholders,” added Mognetti.
CoinShares’ results indicate institutional confidence and an increasing acceptance of digital assets in mainstream finance.
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