Bitcoin News Today: CoinShares' AUM Surges 26% on Crypto Rally and Strategic U.S. Push

CoinShares, a leading European digital asset manager, reported a significant increase in assets under management (AUM) in the second quarter of 2025, with AUM rising 26% to $3.46 billion. This growth was driven by a combination of rising cryptocurrency prices and net inflows into its physically backed exchange-traded products (ETPs). Despite experiencing a $126 million outflow in its XBT Provider products, Bitcoin (BTC) and Ethereum (ETH) appreciated by 29% and 37%, respectively, during the quarter, contributing to the overall AUM growth [1].

The company’s financial performance also reflected this momentum, with net profits reaching $32.4 million in Q2, a 35% increase compared to $24 million in the previous quarter and a 1.9% rise year-over-year [1]. This profit was bolstered by $30 million in asset management fees and $11.3 million in capital markets income. Additionally, CoinShares’ treasury management rebounded with $7.8 million in unrealized gains, reversing a $3 million loss in Q1 [1]. The BLOCK Index, a proprietary index, delivered strong returns of 53.7%, outperforming major equity benchmarks [2].

CoinShares CEO Jean-Marie Mognetti highlighted the company’s confidence in a strong second half of the year, noting the rising level of market activity and the potential for further AUM growth as cryptocurrency prices continue to rise. He also indicated that the company is actively pursuing a United States listing, which Mognetti believes could unlock substantial value for shareholders by tapping into the U.S. market’s broader investor base and favorable regulatory environment [1].

The regulatory environment for crypto ETPs is evolving, particularly in the United States, where the SEC is evaluating the structure and oversight of these products. Recent regulatory actions and statements from the SEC indicate a cautious yet open approach to approving new crypto ETPs. For instance, the SEC’s Division of Corporation Finance recently outlined heightened scrutiny for multi-asset or altcoin-based ETPs, emphasizing the importance of investor protections, custody, and asset valuation [6]. Additionally, the SEC approved a policy shift allowing in-kind creations and redemptions for crypto ETPs, aligning these products more closely with traditional ETFs and reducing operational friction [6].

The demand for crypto ETPs in the U.S. is evident from the growing number of applications, with 92 crypto ETPs pending approval, as reported by Bloomberg Intelligence [1]. This regulatory scrutiny and the fast-track process proposed by exchanges such as Cboe BZX, Nasdaq, and NYSE Arca could streamline the approval process and reduce the current backlog. The proposed criteria for expedited approval include trading on Intermarket Surveillance Group (ISG) member markets, having a futures contract on a designated contract market, and existing ETFs providing at least 40% exposure to the underlying asset [7]. These measures aim to ensure market maturity, regulatory oversight, and investor familiarity [7].

As CoinShares continues to expand its footprint beyond Europe, the broader crypto ETP landscape is also evolving. The potential for new ETPs covering a range of tokens, including Dogecoin (DOGE), Bitcoin Cash (BCH), and others, underscores the growing interest in diversified exposure to digital assets. The regulatory clarity and investor demand for crypto ETPs are reshaping the market, with legal and compliance teams increasingly focused on navigating the evolving regulatory landscape to meet the needs of investors while adhering to strict oversight requirements [6]. This shift highlights the importance of a well-defined regulatory framework that balances innovation with investor protection, as the digital asset sector continues to mature [7].

Source: [1] title1 (https://cointelegraph.com/news/coinshares-q2-2025-net-profit-32m-aum-growth-26) [2] title2 (https://www.theblock.co/post/368751/coinshares-q2-results-us-listing) [3] title3 (https://www.prnewswire.com/news-releases/coinshares-announces-q2-2025-results-302541813.html) [4] title4 (https://cointelegraph.com/news/bitcoin-megaphone-pattern-targets-260k-abtc-price-screams-oversold) [5] title5 (https://www.mitrade.com/insights/news/live-news/article-3-1073746-20250828) [6] title6 (https://www.nortonrosefulbright.com/en-us/knowledge/publications/2a919dfb/the-future-of-crypto-etps) [7] title7 (https://www.galaxy.com/insights/research/digital-asset-etfs-fast-track-sec-approval)