Coinshares Intl Stock Price, News & Analysis

CoinShares International Limited (CNSRF) reported its Q2 2022 financial results, revealing total revenue of £14.2 million, down from £19.6 million in Q2 2021. The company faced an adjusted EBITDA loss of £8.2 million, driven by a one-off £17.7 million loss due to the liquidation of its holdings in UST. Despite these challenges, the year-to-date results show an adjusted EBITDA of £10.5 million and comprehensive income of £20.1 million. The company is shifting to a more defensive strategy, aiming to reduce costs while preparing for future opportunities, including plans to uplist to Nasdaq Stockholm.

CoinShares, a leading digital asset investment firm, announced the launch of its physically-backed staked Algorand ETP, listed on Germany's Xetra. This ETP, utilizing CoinShares' Galata technology, features a 0.0% p.a. management fee and 2.0% p.a. staking rewards, with approximately US$4.6mn in assets under management. This launch aligns with recent positive regulatory developments in Europe, promoting a transparent digital asset framework. CoinShares aims to enhance investor access and trust in the digital asset ecosystem.

CoinShares International Limited disclosed that Chairman Daniel Masters acquired 2,143 shares on June 7, 2022, increasing his total holdings to 15,289,388 shares. This transaction reflects the confidence of management in the company's prospects within the digital asset investment sector. CoinShares is recognized as Europe's largest digital asset investment firm, managing billions in assets and aiming to enhance access to the digital asset ecosystem.

CoinShares, Europe's largest digital asset investment firm managing US$3.3bn in AUM, announced the launch of two new physically-backed ETPs, CoinShares Physical Chainlink (CCHA) and CoinShares Physical Uniswap (CIWP), on Germany's Xetra market. This double launch increases CoinShares' total ETP offerings to seven for 2022. The new products capitalize on growing investor interest in cryptocurrency protocols beyond Bitcoin and Ethereum, allowing for access to key areas of the digital asset ecosystem.

CoinShares, Europe's largest digital asset investment firm, has partnered with FTX to launch a physically-backed FTX Token ETP on Germany's Xetra, starting with approximately US$40M in seed capital. This is the second initiative between CoinShares and FTX in 2022. CoinShares currently has US$3.8bn in assets under management (AUM), and the new token aims to provide investors exposure to the FTX Token (FTT). CoinShares has seen significant growth in its Physical ETPs, reaching US$675M in AUM this year.

CoinShares and FTX have partnered to launch the world's first physically-backed Solana exchange-traded product (ETP) with 1M SOL in seed capital. The ETP offers a 3.0% staking reward and a 0.0% management fee. This initiative aims to provide transparency in staking rewards for investors. The product will be traded on Germany's Xetra market and is part of CoinShares' strategy to enhance offerings for institutional investors. Both companies are focused on bridging traditional finance with digital assets.