According to PANews, CoinShares released its Q1 2025 financial report, with a net profit of $24 million, a year-on-year decrease of 42.2%; EBITDA profit was $30 million, down 15.5% year-on-year.
The company's ETP products had a net inflow of $268 million, with the Bitcoin spot ETP contributing $202 million. Asset management revenue grew by 20.8%, reaching $29.6 million, but the Ethereum staking ETP saw an outflow of $23 million.
CoinShares CEO stated that macroeconomic changes and a 12.1% drop in Bitcoin prices led to a 10.7% decrease in managed assets to $1.52 billion. So far this year, the company's stock price has fallen by 9.4%.
