CoinShares PLC creates financial products focused on digital assets and blockchain technology. It operates through three segments: Asset Management, Capital Markets, and Principal Investments. Its offerings include CoinShares Physical, CoinShares Valkyrie, CoinShares XBT, and The Blockchain Global Equity Index, as well as hedge fund solutions, indices, venture services, and capital markets services. Incorporated in 2008, the company is headquartered in Saint Helier, Jersey.
CoinShares Posts Lower First-Half Revenue as Crypto Prices Slide
CoinShares reported lower revenue and profitability for the first half of 2026 as Bitcoin fell about 32% and Ethereum about 48%, according to Chief Executive Officer Jean-Marie Mognetti. Total GAAP revenue dropped to $51.4 million from $80 million a year earlier, while segment EBITDA fell to $21.6 million from $59 million, a result that included approximately $4.9 million in non-recurring Nasdaq listing and U.S. GAAP transition costs. Assets under management ended June at $5.5 billion, down from $7.4 billion at the end of December 2025, though interim Chief Financial Officer Richard Nash said roughly $1.9 billion of that decline came from market movements and the company still recorded about $28 million of net inflows, including approximately $156 million into its CoinShares Physical platform. AUM recovered to about $6.9 billion by the end of August on higher digital-asset prices and approximately $74 million of positive net flows through Aug. 31. CoinShares ended June with no long-term debt and $413.9 million in available capital, and Mognetti said the board will seek shareholder approval for a multiyear repurchase authority covering up to 25% of outstanding shares, a ceiling rather than a spending commitment.
CSHR · Capital · Negative CoinShares reported first-half revenue down to $51.4M from $80M and segment EBITDA down to $21.6M from $59M.
BTC · · Negative Bitcoin fell about 32% in the first half, cited as the cause of CoinShares' lower revenue; article reports the price move with no stated cause.
ETH · · Negative Ethereum fell about 48% in the first half, cited as the cause of CoinShares' lower revenue; article reports the price move with no stated cause.
Tokenized Real-World Assets Triple to $7.4 Billion in Q2 2026
Deposits of real-world assets on blockchains more than tripled year over year to $7.4 billion in the second quarter of 2026, according to CoinShares, even as major cryptocurrencies like Bitcoin and Ethereum struggle. Tokenized Treasuries, stablecoins, and gold drove most of the growth, reflecting a shift toward safe-haven assets rather than speculative tokens. CoinShares CEO Jean-Marie Mognetti said the divergence is being driven by financial utility, not by market cycles. Robinhood's tokenized stock trades have also accelerated since the brokerage launched its own blockchain, Robinhood Chain, at the beginning of July, with top tokenized stocks GameStop, Nvidia, and SpaceX reaching a combined trading volume of $47 million by the end of July. Asset managers like BlackRock, banks like JPMorgan Chase, payment networks like Mastercard, and online brokerages like Robinhood are upgrading their financial rails to support tokenized assets.
Tokenized real-world assets surge to 7.4 billion dollars as DeFi slows, says CoinShares
According to a joint report by CoinShares and Token Terminal, tokenized real-world assets grew more than threefold to reach 7.4 billion dollars, even as total value locked in DeFi fell around 15 percent year-on-year. CoinShares CEO Jean-Marie Mognetti noted that this growth is driven by demand for financial utility rather than market cycles, calling tokenization a structural shift. The RWA market has moved from mere issuance to real usage, with yield-bearing stablecoins and tokenized US Treasuries holding the largest share. Around 70 percent of RWA collateral is concentrated on platforms built on Ethereum.
Digital Finance & Tokenization › Real-World Asset Tokenization ▲Demand
CSHR · Demand · Positive CoinShares report highlights growth in tokenized RWA, a sector CoinShares is involved in, indicating increased demand for its services.
Token Terminal · Demand · Positive Token Terminal co-authored the report, showcasing its data analytics relevance in the growing RWA market.
CoinShares Lists Europe's First UCITS ETF Focused on Bitcoin Mining Companies
CoinShares has listed Europe's first UCITS ETF dedicated to Bitcoin mining companies on Deutsche Börse's Xetra platform. Trading under the ticker symbol MINE, the ETF physically replicates the CoinShares Bitcoin Mining Index managed by Solactive AG, with a total expense ratio of 0.65% and quarterly rebalancing. At the close of its first trading day, the ETF stood at 20.11 euros per share, with a trading volume of 3,218 shares. In Europe, the number of listed companies holding Bitcoin as a treasury asset has now reached 41, collectively holding approximately 17,000 BTC. Meanwhile, according to data from CryptoQuant, miners' BTC holdings briefly increased in early June but declined again by July 22, highlighting ongoing financial pressure on mining companies even as Bitcoin prices recover.
Digital Finance & Tokenization › Miner-Treasury Hybrids ▼Capital
CSHR · Capital · Positive CoinShares lists Europe's first UCITS Bitcoin mining ETF, a new product launch that may generate fee income and enhance brand.
Solactive AG · Capital · Positive Solactive AG is the index provider for the new ETF, gaining licensing revenue and visibility.
BTC · · Neutral Article mentions Bitcoin price recovery but also ongoing financial pressure on miners, mixed impact.
CoinShares CEO Marks First Independence Day as Nasdaq-Listed Company
CoinShares CEO Jean-Marie Mognetti published a Fourth of July letter to American shareholders, marking the company's first Independence Day since its Nasdaq listing. Mognetti emphasized that as the largest shareholder, his interests are aligned with those of public equity holders, and he committed to embracing transparency and disciplined capital allocation. He noted that CoinShares has remained profitable through every major crypto cycle since 2016 and that the US listing provides access to the world's deepest capital pool and broadest institutional investor base. The company will continue to leverage its durable competitive advantage built over more than a decade in Europe.
CSHR · Capital · Positive Nasdaq listing provides access to deeper capital pool and broader institutional investor base, aligning with CEO's commitment to transparency and disciplined capital allocation.
A Quarter of European Wealth Managers Cannot See the Majority of Their Clients' Digital Assets
A new CoinShares survey of 261 European wealth management professionals finds that one in four advisers cannot see the majority of their clients' digital asset holdings, with the figure rising to 52% in the United Kingdom. The survey, conducted through Citywire Engage across France, Germany, Italy, Switzerland and the UK, identifies firm policy as the primary driver of this management gap, not adviser knowledge or client demand. Sixty-one percent of advisers work in firms that either explicitly restrict digital assets or provide no clear internal guidance, and the management gap is 8.5 times larger in restricted firms than in supported ones. Advisers say regulatory recognition of digital assets as a mainstream asset class and access to exchange-traded products would most increase their confidence to recommend, while client-facing educational tools rank last. The findings come as the MiCA regulation establishes a single European market for digital assets on 1 July 2026, and regulators in France and the UK consider expanding access to crypto exchange-traded products.
CSHR · Regulation · Positive Survey highlights regulatory recognition and ETP access as key to closing the digital asset management gap, which could boost CoinShares' ETP business.
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