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CoinShares reports record quarterly results amid acquisition of Valkyrie's ETF business

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CoinShares reported a 216% year-over-year increase in Q1 revenue, gains and other income of £43.9 million ($55 million).

Digital asset investment firm CoinShares reported record results in its Q1 earnings on Tuesday — a quarter in which it acquired Valkyrie’s exchange-traded fund business.

Adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA — a popular measure of a company's financial performance — was £34.2 million , up more than fourfold compared to Q1 2023.The firm’s total comprehensive income — all earnings and losses, including those not from usual business activities — reached £34.1 million in Q1, over 11 times greater than the figure reported in its Q1 2023 results.CoinShares' total assets under management reached £4.

 

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