Share this article
CoinShares Netted $513.1M Profit in Q2
CoinShares' total assets under management almost doubled from $2.7 billion to $5.3 billion.
Updated Aug 7, 2024, 2:54 p.m. Published Aug 7, 2024, 9:56 a.m.
- However, CoinShares also noted a loss of $481.42 million on the fair value of digital assets.
- Once accounted for this depreciation, CoinShares' comprehensive income for the quarter was $32.6 million.
Crypto asset manager CoinShares (CS) recorded profits after tax of nearly 404 million pounds ($513.1 million) in Q2, a considerable bump from 10 million pounds in the equivalent quarter a year ago.
The firm also noted a loss of $481.4 million on the fair value of digital assets, as the crypto market pulled back from its all-time high levels of Q1. Bitcoin , the largest cryptocurrency, slid 12% during Q2, its biggest drop since fourth-quarter 2022.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Once accounted for this depreciation, CoinShares' comprehensive income for the quarter was $32.6 million, almost five-times the figure for Q2 2023 of $6.3 million.
CoinShares' total assets under management almost doubled from $2.7 billion to $5.3 billion, according to an earnings announcement on Tuesday.
The firm saw its asset management fees more than double to $28.45 million, helped by its acquisition of he exchange-traded fund (ETF) unit of Nashville, Tennessee-based Valkyrie, which gave CoinShares a U.S. arm to its ETP business.
CoinShares' Stockholm-listed shares have risen nearly 8.5% on the day to 56.60 Swedish krona ($5.43).
Read More: Galaxy Digital Second-Quarter Net Loss Widens as Crypto Market Retreats
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.
Больше для вас
Oracle TikTok deal lifts AI mining stocks as bitcoin tags $88,000
Oracle shares jumped 6% in pre-market on Friday as TikTok's U.S. agreement helped calm AI bubble fears after a volatile macro week.
Что нужно знать:
- Oracle shares climbed about 6% to around $190 Friday's pre market trading.
- TikTok agreed to form a U.S. joint venture led by American investors, reinforcing Oracle’s role as a core AI cloud and data security provider easing AI concerns.
- The deal helped improve broader risk sentiment with bitcoin back above $88,000, also lifting AI mining stocks in the process.
Top Stories
