Bitcoin News Today: Bitcoin Hits All-Time High as CoinShares' Profits Outpace Market Optimism

CoinShares International Limited, the leading European asset manager in digital assets, reported a significant profit surge in Q2 2025, with net income reaching $32.4 million compared to $31.8 million in the same period the previous year. The Group’s performance was driven by strong results across its core business segments, including asset management, capital markets, and treasury. The firm’s adjusted EBITDA for the quarter stood at $26.3 million, reflecting its operational strength. The increase in profits coincided with a notable recovery in

The Group’s asset management division continued to show robust performance, generating $30.0 million in fees during Q2 2025. The Physical ETP segment of CoinShares, known for tracking physical digital assets, saw a record $170 million in net inflows, the second-highest in the firm’s history. This performance solidified CoinShares' position as Europe’s fastest-growing digital asset ETP platform in the first half of 2025. Additionally, the BLOCK Index outperformed traditional equity benchmarks such as the S&P 500 and MSCI World, delivering 53.7% returns during the quarter. Despite experiencing $126 million in outflows for the XBT ETP, the price appreciation of Bitcoin contributed to a 26% growth in AUM, which rose to $3.46 billion by the end of Q2. This trend aligns with historical patterns observed by the firm, where periods of price appreciation often lead to outflows being offset by AUM growth.

The capital markets division of CoinShares also performed well in the quarter, generating total income and gains of $11.3 million. This was driven primarily by Ethereum staking, which accounted for $4.3 million of the total. Staking continues to serve as a reliable and recurring revenue stream for the firm. Other contributors included liquidity provisioning, which added $1.5 million, and delta-neutral trading strategies and lending, which generated $2.2 million and $2.6 million respectively. While liquidity provisioning income slightly declined from Q1, this was attributed to reduced gross flows on the XBT platform. The business unit remains focused on expanding its capital markets offerings as market sentiment and institutional engagement improve.

The treasury unit contributed to the Group’s strong performance with a significant turnaround, posting $7.8 million in unrealized gains and eliminating a $3.0 million loss from Q1. The firm continues to strategically evaluate and adjust its treasury holdings to optimize value creation. Jean-Marie Mognetti, CEO of CoinShares, highlighted the firm’s growth strategy, emphasizing its leadership in Europe while expanding its presence in the U.S. market. CoinShares is working toward a U.S. listing, which it believes will unlock value for shareholders by tapping into the U.S. market’s depth and breadth. Recent successful listings by firms like

Looking ahead, the firm is optimistic about the second half of 2025, citing continued price appreciation of digital assets and regulatory developments that support innovation in the sector. Mognetti noted that the regulatory environment is increasingly favorable, with landmark legislation and supportive administration policies creating opportunities for the firm to grow. The Group remains committed to expanding its offerings in both asset management and capital markets, driven by the increasing institutional and retail interest in digital assets. As the firm moves forward with its U.S. listing plans, it anticipates further clarity and progress in the coming months, positioning itself for long-term success in the evolving digital asset landscape.

Source: [1] CoinShares Announces Q2 2025 Results (https://www.prnewswire.com/news-releases/coinshares-announces-q2-2025-results-302541813.html) [2] Digital asset fund flows | August 25th 2025 (https://coinshares.com/us/insights/research-data/fund-flows-25-08-25/)