CoinShares AUM increased by 26% in the second quarter of 2025, reaching $3.46 billion, according to the company’s report. The growth came even though CoinShares recorded $126 million outflows from its XBT Provider products.
The rise in CoinShares AUM was supported by higher crypto prices. Bitcoin gained 29% during the quarter, trading near $109,880, while Ether rose 37% to $4,341.
Chief executive Jean-Marie Mognetti pointed to the market’s strength as Bitcoin and Ether reached new highs in August. He said,
“The overall level of activity within the market is setting us up for what we believe to be a strong second half of the year as indicated by performance post quarter end.”
CoinShares Profit Rises to $32.4 Million
CoinShares profit for Q2 stood at $32.4 million, almost 2% higher than the $31.8 million posted in the same quarter of 2024. The result was also a 26% increase compared with $24 million in Q1 2025.
The company highlighted that its first-quarter performance had fallen 42.2% year-on-year, making the second quarter’s results a clear recovery. Mognetti noted that macroeconomic headwinds during the quarter were stronger than crypto market fluctuations.
In Q2, the CoinShares asset management platform generated $30 million in management fees, supported by $170 million in net inflows into CoinShares Physical products. The company described this as its second-strongest quarter for the business line.
CoinShares Capital Markets Unit Delivers $11.3 Million
The CoinShares capital markets unit contributed $11.3 million in income and gains in Q2. Out of this total, $4.3 million came from Ethereum staking, underlining the role of staking alongside other income streams.
This segment added to overall CoinShares profit and showed the mix of revenues supporting the company’s results. Mognetti said the sector is experiencing a “wholesale transformation of the global economic order,” while stressing that wider economic pressures continued to affect quarterly operations.
CoinShares US Listing Plans Advance
CoinShares confirmed it is preparing for a US listing, a move that executives said could “unlock substantial value” for shareholders. The company sees entry into US markets as a significant step in its growth.
The listing plan comes at a time when competition in the crypto ETP market is intensifying. Data from Bloomberg Intelligence ETF analyst James Seyffart showed that 92 crypto ETPs are waiting for decisions from the US Securities and Exchange Commission (SEC).
The move positions CoinShares US listing plans alongside broader demand for regulated crypto investment products in the country.
