Digital asset investment products faced significant outflows last week, totaling $305 million, as reduced expectations for a U.S. interest rate cut, following stronger economic data, dampened market sentiment. According to CoinShares, this decline reflects a broader negative trend affecting various providers and regions within the crypto market. In a blog ...
Asset manager and investment firm CoinShares has attributed the recent surge in investment crypto products globally to two key factors: the German government's ongoing Bitcoin sales and lower-than-expected Consumer Price Index (CPI) data in the United States. According to CoinShares's latest weekly report, released today, July 15, 2024, the global ...
European digital asset investment manager CoinShares has successfully completed the sale of its claim in the now-defunct crypto exchange, FTX. According to the asset manager's announcement, the transaction finalized today, June 24, 2024, is a significant financial achievement that will benefit the company in several ways. The sale is expected ...
June began positively for digital asset investment products, with nearly all providers experiencing inflows and an overall total of $2 billion, according to CoinShares' weekly fund flows report. Published on June 10, the report highlighted that these early June inflows brought the five-week total for digital asset financial products to ...
In its recently published fourth-quarter report for 2023, CoinShares disclosed an annual revenue of $108.5 million and assets under management (AUM) of $3.8 billion as of December 31, 2023. CoinShares reported that its profits and other revenues amounted to $42.12 million during the fourth quarter of 2023. Additionally, the firm ...
