CoinShares Q2 Profit $32.4M, AUM +26% and US Listing Dey Loom
CoinShares report say e get net profit for Q2 of $32.4 million, e don increase by 1.9% compared to last year but e drop by 5.3% from last quarter. Assets wey dem dey manage (AUM) rise by 26% reach $3.5 billion, na because Bitcoin price climb 29% and Ethereum price rise 37% plus net inflows of $170 million enter spot crypto ETPs. Management fees reach $30 million, capital markets income na $11.3 million, plus adjusted EBITDA reach $26.3 million. Strategic treasury operations change from loss for Q1 to $7.8 million unrealized gains. Extra money come from Ethereum staking, delta-neutral trading and lending. CoinShares CEO Jean-Marie Mognetti talk say dem plan list for US exchange dis quarter to get better liquidity and boost valuations.
Bullish
CoinShares strong Q2 result dem, we get 26% AUM jump, $170 million spot ETP inflows plus $32.4 million net profit, dey show say demand for Bitcoin and Ethereum dey rise. Di planned US exchange listing fit make liquidity and public valuations even better. Together, these things go drive positive feel and more buying pressure for BTC and ETH short-term and long-term.