pornvu-European digital asset manager CoinShares’ revenue up 33% in Q2
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CoinShares, a manager of Bitcoin (BTC), Ether (ETH) and various altcoin crypto exchange-traded products (ETPs) in Europe, reported total revenue of 20.3 million pounds ($25.9 million) in the second quarter of 2023, a 33% increase compared wit the prior year’s quarter.
According to the Aug. 1 announcement, the firm’s 25% year-over-year decline in asset management fees to 10.6 million pounds ($13.52 million) was offset by a 10 million pound ($12.76 million) gain in capital markets operations, such as trading. CoinShares’ profits for the quarter were 5.3 million pounds ($6.76 million), compared with a loss of 0.6 million pounds ($0.77 million) in Q2 2022.
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