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CoinShares International Limited (CS) provides investors with comprehensive access to official corporate announcements and market analysis in the digital asset sector. This curated news hub aggregates all material developments including regulatory filings, product launches, and strategic partnerships.
As a regulated investment firm operating across multiple jurisdictions, CoinShares disclosures offer insights into evolving cryptocurrency markets through the lens of institutional-grade financial services. Key updates cover exchange-traded product innovations, treasury management strategies using digital assets, and compliance milestones with global financial authorities.
This resource serves financial professionals seeking to monitor:
• Quarterly financial performance reports
• Digital asset ETP listings and expansions
• Regulatory compliance updates across operating regions
• Strategic acquisitions and partnership announcements
• Market commentary on cryptocurrency investment trends
All content is sourced from verified corporate communications and vetted financial reporting. Bookmark this page for real-time updates on one of digital finance's most active institutional participants.
CoinShares (Nasdaq Stockholm: CS; OTCQX: CNSRF) released a survey revealing financial advisors' concerns about digital assets. The study of 250 advisors shows 62% believe recommending Bitcoin conflicts with fiduciary duties, while over half worry about negative impacts on colleague relationships.
Key findings show that 74% of advisors face pressure between traditional financial goals and cryptocurrency integration, while 79% see their role shifting towards risk management. Following SEC's approval of Bitcoin and Ethereum ETFs, 88% of advisors are more optimistic about digital assets, with 62% citing SEC approval as a top factor in presenting digital assets to clients.
The survey also revealed that 85% of advisors noticed organizational sentiment toward digital assets has changed post-election, with 80% reporting more positive client attitudes. While 43% see biased information from crypto firms as a barrier, over 80% of advisors are willing to pay for education to enhance their digital asset knowledge.
CoinShares Physical Bitcoin ETP (BITC) has become Europe's largest Bitcoin physical exchange-traded product by assets under management, coinciding with Bitcoin reaching $100,000. Launched in January 2021, BITC has surpassed earlier market entrants, contributing to CoinShares' total AUM of over $8.9 billion.
The company manages over $5.4 billion in Bitcoin across its Physical Bitcoin and XBT Provider Bitcoin products in Europe. BITC's success is attributed to superior product structuring, competitive management fees, and an expansive distribution strategy targeting European investors.
CoinShares International has reported strong Q3 2024 financial results, with total revenue reaching £25.8 million (up from £15.2M in Q3 2023) and net profit of £14.2 million (up from £6.7M). The company's Physical ETP platform saw nearly $80 million in net flows, while the CoinShares-Valkyrie business line achieved $61 million in net inflows. The company implemented a significant accounting policy change for digital assets, now recording their movements at fair value through profit and loss. CoinShares holds 78 BTC on its balance sheet and reported an EBITDA of £15.4 million for Q3 2024.
CoinShares International has appointed Lisa Avellini as Group General Counsel, effective November 4, 2024. Avellini joins from Balyasny Asset Management, where she managed global legal and compliance for the credit division. She previously worked at Citadel, providing strategic legal guidance on financial transactions and regulatory matters. In her new role, she will oversee all legal and regulatory matters for CoinShares globally, supporting the company's growth initiatives and providing strategic advice to the executive team.
CoinShares International announces the renaming of its recently acquired Valkyrie Funds products to CoinShares Valkyrie, effective October 31, 2024. This follows CoinShares' acquisition of Valkyrie Funds in March 2024. The rebranding affects three ETFs: the Bitcoin and Ether Strategy ETF, Bitcoin Futures Leveraged Strategy ETF, and Bitcoin Miners ETF, while maintaining their existing ticker symbols. The change is part of a transitional strategy to create a unified product lineup under the CoinShares brand by 2025, with no changes to the funds' investment objectives, strategies, or management.
CoinShares International (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a leading European digital asset investment company, has opened a central office in New York City as part of its U.S. expansion strategy. This move follows the recent acquisition of Valkyrie Funds and the Sponsor rights to the CoinShares Valkyrie Bitcoin Fund. The company is actively recruiting for key roles in sales, marketing, operations, and compliance to support its U.S. growth.
CEO Jean-Marie Mognetti stated that this expansion highlights the growing significance of digital assets in the global financial ecosystem and solidifies CoinShares' position in the industry. Since entering the U.S. market, CoinShares has seen success, with its global assets under management (AUM) increasing to $5.5 billion. The company's portfolio includes notable ETFs like the CoinShares Valkyrie Bitcoin Fund ($BRRR) and the CoinShares Valkyrie Miners ETF ($WGMI).
CoinShares has successfully sold its FTX claim, achieving a recovery rate of 116%, netting £31.32 million on a £26.6 million claim. This agreement, subject to closing conditions, bolsters CoinShares' financial health, providing significant benefits for shareholders and clients. The increased financial flexibility will enable CoinShares to reinvest in growth opportunities and enhance its market position. Jean-Marie Mognetti, CEO, emphasized the positive impact of this recovery on shareholder rewards and future growth in the digital asset industry.
Leopard Asset Management (LAM) is calling on Sun shareholders to hold the company's management accountable for failing to increase shareholder value. LAM has highlighted Sun's undervaluation, primarily due to its significant holdings in Cellebrite (NASDAQ: CLBT), and other liquid assets.
Since LAM's campaign in March 2024, Sun's share price briefly increased by 23% but fell by 19% after a disappointing AGM agenda was released, indicating a lack of trust in management.
LAM urges shareholders to vote against CEO Ryusuke Utsumi and his team in the upcoming June 25 AGM, citing management's failure to take meaningful action to close the valuation gap.
Sun's shares are valued at ¥7,200 based on liquid assets, far above the current market price of ¥3,300, emphasizing the need for a change in leadership to realize the company's true value.
CoinShares reported its Q1 2024 results, marking its most successful quarter in history. The company experienced a 216% YoY increase in revenue, gains, and other income, reaching £43.9 million. Adjusted EBITDA rose over four times YoY to £34.2 million, and total comprehensive income surged over 11x YoY to £34.1 million.
Key highlights include the acquisition of Valkyrie's ETF business in March 2024, enhancing CoinShares' global presence. The Asset Management division saw strong inflows, particularly from CoinShares Physical. The Capital Markets & Hedge Fund Solutions division delivered strong top-line performance due to vibrant market activity and gains from staking and trading.
The Board approved a new dividend policy, with an annual dividend of 20%-40% of the Group's total comprehensive income.
CoinShares International has published its 2023 Annual Report, showcasing a total revenue of £85.7 million, an adjusted EBITDA of £57.3 million, and a net asset position of £239.2 million as of December 31, 2023. The report highlights the firm's performance in asset management, capital markets, and hedge fund solutions, with a strategic focus on innovation, expansion, and market penetration.
