CoinShares Reports Q1 2025 Results with $23.8 Million Net Profit Amidst Digital Asset Price Decline

CoinShares International Limited has reported Q1 2025 results, with asset management revenue of $29.6 million and capital markets gains/income of $11.9 million. The company's physical platform saw $268 million in net inflows, and its flagship BITC product attracted $202 million after reducing its management fee to 0.25%. CoinShares has reaffirmed its objective of securing a U.S. exchange listing, with the US regulatory environment evolving in a more constructive direction.

CoinShares International Limited (CS; CNSRF) has announced its Q1 2025 financial results, showcasing resilience and growth despite challenging market conditions. The company, which specializes in digital assets, reported asset management revenue of $29.6 million, up from $24.5 million in Q1 2024, and capital markets gains/income of $11.9 million, compared to $14.1 million in the same quarter last year [1].

Key highlights include a robust performance across its platforms, with management fees of $29.6 million. The CoinShares Physical platform led the European crypto ETP market with $268 million in net inflows, triple its closest competitor, despite the decline in Bitcoin and Ethereum prices. The flagship BITC product attracted $202 million after strategically reducing its management fee to 0.25%, while a new partnership with BoursoBank expanded reach to 7 million French clients [1].

The company's Capital Markets division experienced moderate performance, generating $11.9 million in gains and other income, returning to typical levels following Q4's post-election rally. Despite Bitcoin's 13% decline during the quarter, the Trading Team generated $3.6 million from delta-neutral strategies, and liquidity provisioning contributed $1.9 million amid cooling bullish sentiment [1].

CoinShares has reaffirmed its objective of securing a U.S. exchange listing, with the US regulatory environment evolving in a more constructive direction. The company is also boosting share liquidity through expanded analyst coverage and institutional roadshows, and has demonstrated shareholder commitment via the May 6 distribution of its first quarterly dividend for 2024 [1].

Despite recording a $3.0 million unrealized loss on the Group’s treasury holdings due to Q1's pronounced price declines, CoinShares continued building its strategic Bitcoin position, increasing holdings by 45% from 163 to 236 BTC by quarter-end [1].

References
[1] https://finance.yahoo.com/news/coinshares-announces-q1-2025-results-043000937.html