Well, slap my wallet and call me impressed! 🤑 CoinShares, the European wunderkind of digital asset management, has done it again. They’ve raked in a cool $32.4 million in profit for Q2, which is, like, slightly more than last year’s $31.8 million. Truly, the financial equivalent of finding an extra fry at the bottom of the bag. 🍟
But wait, there’s more! Their total assets under management (AUM) jumped 26% to $3.46 billion, despite a cheeky $126 million slipping out the door in XBT. Apparently, Bitcoin and Ethereum decided to flex their muscles, rising 29% and 37% respectively. Take that, inflation! 📈
The Asset Management division, not one to be outdone, pocketed $30 million in management fees. This was thanks to a tidy $170 million in net inflows into their Physical products, making it their second-best quarter ever. The BLOCK Index, meanwhile, returned a whopping 53.7%, leaving Bitcoin and traditional benchmarks like the S&P 500 in the dust. Eat your heart out, Wall Street! 🏆
Capital Markets: Where the Magic Happens ✨
CoinShares’ Capital Markets unit didn’t just show up-it brought the party. 🎉 Ethereum staking led the charge with $4.3 million, while Delta Neutral Trading Strategies and Lending chipped in $2.2 million and $2.6 million, respectively. Because why put all your eggs in one blockchain?
Brighter Than a Bitcoin Halving 🌞
Looking ahead, Bitcoin hit an all-time high of $124,128 on August 14, 2025, and Ethereum peaked at $4,948 on August 24. CoinShares CEO Jean-Marie Mognetti is practically giddy, predicting a rosy second half of the year. “We’re moving to the US,” he declared, “because who doesn’t love a market with more depth than the Mariana Trench?” 🌊
Jean-Marie also hinted at a US listing, which he believes will “unlock substantial value for shareholders.” Translation: Cha-ching! 💸 But let’s be real, with market activity hotter than a GPU mining rig, CoinShares is sitting pretty. Or, as they say in crypto circles, HODLing strong. 💪
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2025-08-29 17:44