Share this article
CoinShares a Good Way to Play the Crypto Recovery, BTIG Analyst Says
Europe's largest digital asset management company continues to develop crypto-focused financial products and maintains an edge over peers, said the analyst.
Updated May 11, 2023, 6:52 p.m. Published Aug 24, 2022, 3:26 p.m.
Europe-based digital asset management firm CoinShares (CNSRF) is one of investment company BTIG’s picks for investors to play the recovery across crypto markets along with the growing adoption of digital assets, analyst Mark Palmer told clients in a note Wednesday.
CoinShares, which is Europe's largest digital asset management company, according to BTIG, continues to develop crypto-focused financial products and maintains an edge over peers given the company’s proprietary technology infrastructure, Palmer said.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Palmer says while shares have lagged since the spring, CoinShares’ management is focused on boosting its exposure to physical stakes in exchange-traded funds (ETF) with attractive yields and no management fee.
Sweden-listed CoinShares had about $1.65 billion in assets under management as of June 30, according to its Q2 report.
BTIG gave CoinShares a buy rating and $5.63 price target (SEK60). Shares were trading on Wednesday down 4.6% to $3.76 (SEK39.85), and have declined more than 50% year to date.
Read more: CoinShares Completes Napoleon Acquisition, Can Now Promote Products Across EU
UPDATE (Aug. 24, 2022 16:10 UTC) – Corrects CoinShares' ticker symbol.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
What to know:
- Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
- The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
- The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
Top Stories
