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CoinShares Q1 profit fell 42%, still reaching 24 million USD
Digital asset investment firm CoinShares announced its first-quarter 2025 financial report with a net profit of $24 million, down 42.2% from $41.5 million from the same period last year. EBITDA profit reached 30 million USD, down 15.5% compared to the previous year. The net cash flow of ETP products was $268 million in the first quarter, of which Bitcoin spot ETPs (BITC) contributed $202 million. Income from asset management increased by 20.8%, reaching 29.6 million USD. However, due to market volatility, the Ethereum ETP (ETHE) had an outflow of $23 million.
Jean-Marie Mognetti, CEO of CoinShares, stated that the changing macroeconomic environment and the 12.1% fall in Bitcoin price have reduced the company's assets under management by 10.7% to $1.52 billion. Since the beginning of the year, the company's stock price has fallen by 9.4%.
The information provided is for market reference only and is not investment advice.
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