CoinShares Posts $32.4 Million Profit in Q2 Fueled by Crypto Gains

Digital asset manager CoinShares saw a significant profit surge during the second quarter, reaching $32.4 million. This aligns with a 26% growth in assets under management (AUM) to reach $3.46 billion, driven by robust performance in Bitcoin and Ethereum. The rise was further bolstered by inflows into physical products and notable success within the Asset Management division, which generated $30 million in management fees.