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CoinShares posts record revenue in Q1, backed by markets, Bitcoin ETFs

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CoinShares’s revenue, gains, and other income reached 43.9 million pounds (~$55 million) in the first quarter of 2024, recording a 216% increase year-over-year.

CoinShares’ revenue, gains, and other income reached 43.9 million pounds in the first quarter of 2024, a 216% increase year-over-year.

Earnings before interest, taxes, depreciation, and amortization reached 34.2 million pounds , up from 7 million pounds the previous year, marking a fourfold increase. The company posted management fees totaling 19.5 million pounds , its second-highest ever recorded, only behind fees recorded in the fourth quarter of 2021.The acquisition included the sponsor rights to Valkyrie’s spot Bitcoin ETF, the investment advisory business Valkyrie Investments, and the sponsor rights for several similar products, including Valkyrie Bitcoin Miners and Valkyrie Bitcoin Futures Leveraged Strategy ETFs.. According to CoinShares, the acquisition added approximately 1.

 

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