{"id":129177,"date":"2025-05-13T22:21:23","date_gmt":"2025-05-13T22:21:23","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129177"},"modified":"2025-05-13T22:21:23","modified_gmt":"2025-05-13T22:21:23","slug":"coinshares-q1-net-profit-falls-to-24m","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129177","title":{"rendered":"CoinShares Q1 net profit falls to $24M"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCoinShares, a digital asset investment firm with offices in the United States and Europe, said its net profit fell to $24 million in the first quarter of 2025, a 42.2% decrease from the same period a year ago.<br \/>\nAlthough CoinShares\u2019s profits and EBITDA remained positive in Q1 2025, the margins declined compared to the same period in 2024. Last year, CoinShares posted a net profit of $41.5 million and an EBITDA of $35.5 million in the first three months. Year-over-year, CoinShares\u2019s net profit dropped 42.2% and its EBITDA fell 15.5%.<br \/>\nThe firm\u2019s ETPs contributed to the quarter&#8217;s performance. For Q1 2025, CoinShares\u2019s ETPs saw net inflows of $268 million, with $202 million coming from its Physical Bitcoin (BITC) ETP. Revenue related to assets under management increased from $24.5 million to $29.6 million, a rise of 20.8%.<br \/>\nYear-to-date, CoinShares\u2019s stock is down 9.4%, according to Google Finance.<br \/>\nCoinShares disclosed a $30 million EBITDA in Q125, despite market turbulence. Source. CoinSharesIn a letter to shareholders, the company&#8217;s CEO, Jean-Marie Mognetti, said macroeconomic headwinds during the quarter exceeded market movements. \u201cWhat we are witnessing is not mere market volatility \u2014 it is a wholesale transformation of the global economic order.\u201d<br \/>\nAccording to Mognetti, Ether&#8217;s underperformance over the quarter led to $23 million in outflows from its CoinShares Physical Staked Ethereum ETP (ETHE). &#8220;Due to broader market corrections \u2014 including a 12.1% decline in Bitcoin prices \u2014 assets under management (AuM) fell 10.7%, closing Q1 at $1.52 billion.\u201d<br \/>\nRelated: Robinhood beats Q1 estimates despite revenue, crypto trading dip<br \/>\nCrypto companies show mixed results during market upheaval<br \/>\nThe first wave of Q1 2025 earnings from crypto firms suggests a broadly negative quarter, with revenue declines across sectors.<br \/>\nCoinbase revenue, for instance, fell 10% quarter-over-quarter in Q1 2025, as transaction revenue plummeted 19% to $1.3 billion. Kraken, another US-based cryptocurrency exchange, saw its revenue decline 7% from Q4 2024. Michael Saylor\u2019s Bitcoin treasury company, Strategy, also missed Wall Street&#8217;s estimates, alongside Bitcoin miner Core Scientific.<br \/>\nThe quarter was marked by high volatility across financial markets after US President Donald Trump unleashed global tariffs on trade partners, dragging the BTC price to lows of $78,000 over the period. Ether (ETH) also experienced a significant pullback.<br \/>\nMagazine: Financial nihilism in crypto is over \u2014 It\u2019s time to dream big again<a href=\"https:\/\/cointelegraph.com\/news\/coinshares-posts-24-m-profit-q1-2025?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCoinShares, a digital asset investment firm with offices in the United States and Europe, said its net profit fell to $24 million in the first quarter of 2025,&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129177"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129177"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129177\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129177"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}