CoinShares' net profit in the first quarter of 2025 fell to 24 million dollars

CoinShares' net profit fell by 42.2% year-on-year, as tough macroeconomic conditions affected the digital asset sector.

CoinShares, a digital asset investment firm with offices in the United States and Europe, reported that its net profit fell to 24 million dollars in the first quarter of 2025, a decrease of 42.2% compared to the same period last year.

Although CoinShares' profits and EBITDA remained positive in the first quarter of 2025, margins decreased compared to the same period in 2024. Last year, CoinShares recorded a net profit of 41.5 million dollars and an EBITDA of 35.5 million dollars in the first three months. Year-on-year, CoinShares' net profit fell by 42.2% and its EBITDA decreased by 15.5%.

The firm's ETPs contributed to the quarter's performance. For the first quarter of 2025, CoinShares' ETPs recorded net inflows of 268 million dollars, with 202 million dollars coming from its ETP Physical Bitcoin (BITC). Revenue related to assets under management increased from 24.5 million dollars to 29.6 million dollars, an increase of 20.8%.

So far this year, CoinShares' shares have fallen by 9.4%, according to Google Finance.$ONDO