From Cointelegraph

May 13, 2025 5:33:00 pm:

CoinShares reports a 42.2% decrease in net profit to $24 million for Q1 2025 compared to the same period last year. Despite positive profits and EBITDA, margins declined from 2024. ETPs contributed to the quarter’s performance, with $268 million in net inflows and revenue from assets under management rising 20.8%.

CEO Jean-Marie Mognetti attributes CoinShares’s $30 million EBITDA in Q125 to macroeconomic headwinds surpassing market movements. Ether’s underperformance led to $23 million outflows from the CoinShares Physical Staked Ethereum ETP, causing a 10.7% drop in assets under management to $1.52 billion by the end of Q1.

Crypto companies experience mixed results in Q1 2025 amid market upheaval. Coinbase’s revenue fell 10%, Kraken saw a 7% revenue decline, and Michael Saylor’s Strategy missed Wall Street estimates. Financial markets were volatile after Donald Trump’s global tariffs, impacting BTC and Ether prices.

Read more at Cointelegraph: CoinShares Q1 net profit falls to $24M