CoinShares Q1 net profit falls to 24 million USD

In Q1 2025, CoinShares reported a net profit of 24 million USD, reflecting a significant year-over-year reduction of 42.2% due to adverse macroeconomic conditions affecting the digital asset market.

Despite the profit decrease, revenue from assets under management increased by 20.8% to reach 29.6 million USD. The firm also reported net inflows of 268 million USD, primarily from its Physical Bitcoin ETP.

CEO Jean-Marie Mognetti highlighted macroeconomic challenges and transformations within the industry as key factors driving the profit decline and stated that Bitcoin prices rose by only 12.1% throughout the quarter.

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