CoinShares, a leading European digital asset manager, reported a net profit of $32.4 million in the second quarter, slightly up from $31.8 million in the last year.
CoinShares reported that its total assets under management (AUM) rose 26% to $3.46 billion, despite $126 million of outflows in XBT. Growth was supported by a 29% rise in Bitcoin and a 37% increase in Ethereum during the quarter.
The Asset Management division generated $30 million in management fees, supported by $170 million in net inflows into CoinShares Physical products. This marked the second-strongest quarter ever for this product line. The BLOCK Index returned 53.7%, beating Bitcoin as well as traditional benchmarks such as S&P 500 & MSCI World.
CoinShares’ Capital Markets and Treasury
CoinShares’ Capital Markets unit earned $11.3 million during the quarter. Ethereum (ETH) staking was the largest contributor, bringing in $4.3 million. Meanwhile, Delta Neutral Trading Strategies earned $2.2 million, and Lending contributed $2.6 million.
The treasury management team had $7.8 million in unrealized gains, up from a $3 million loss in Q1. CoinShares continues to manage its treasury holdings strategically to get the most out of them.
Future Outlook
Bitcoin reached an all-time high of $124,128 on August 14, 2025, and Ethereum reached $4,948 on August 24, 2025. With these historic highs, CoinShares CEO Jean-Marie Mognetti indicated the company is expecting a good second half of the year.
Jean-Marie said, “We believe this move from Sweden to the US will unlock substantial value for our shareholders by entering a market with significant breadth and depth and where market leading companies in the digital asset sector are highly valued by investors.”
He further noted that heightened market activity post-quarter depicts favorable momentum. Mognetti further stated that CoinShares is undergoing a US listing, which may unlock a lot of value for the shareholders.
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