According to the Q1 financial report released by CoinShares, as of March 31, the company managed total assets of 4.77 billion pounds (6 billion U.S. dollars).
Of this, 3.82 billion pounds (4.8 billion U.S. dollars) are related to exchange-traded products issued by XBT Provider and CoinShares Digital Securities Limited. The remaining 950 million pounds (1.2 billion U.S. dollars) can be attributed to the BLOCK index and the newly acquired funds from the acquisition of the ValkyrieETF business. (The Block)
Earlier today, CoinShares International Limited released its quarterly financial report ending March 3, 2024.
CoinShares' revenue, earnings and other income were £43.9 million in the first quarter of 2024, compared with £13.9 million in the first quarter of 2023; adjusted EBITDA was £34.2 million in the first quarter of 2024, compared with £7 million in the first quarter of 2023; and total comprehensive income was £34.1 million in the first quarter of 2024, compared with £2.9 million in the first quarter of 2023.