CoinShares Reports Strong Q2 Performance Amid Market Changes
- CoinShares’ net profits rose to $32.4 million in Q2, reflecting a significant recovery.
- The company’s assets under management (AUM) increased by 26% to $3.46 billion.
- Capital markets unit generated $11.3 million in income, including $4.3 million from ETH staking.
- First-quarter performance showed a decline of 42.2% compared to the previous year.
- There are currently about 92 crypto ETPs awaiting approval from the US SEC.
Mognetti noted that the market is poised for a strong second half of the year, driven by ongoing transformations in the global economic landscape and macroeconomic challenges exceeding market movements.
With a net profit of $32.4 million in Q2 and a substantial AUM increase, CoinShares is preparing for potential growth opportunities, including a US listing.(Source)
