European crypto asset manager CoinShares has released its second-quarter results, showing a net profit of $32.4 million. The figure, while slightly down 5.3% from the prior quarter, represents a 1.9% increase year-over-year, supported by growing management fees, improved treasury performance, and strong momentum in physically backed products.

The company attributed the results to a surge in digital asset prices and rising institutional inflows. Bitcoin and Ethereum advanced by 29% and 37% during the quarter, pushing CoinShares’ assets under management (AUM) to $3.5 billion, a 26% increase from the previous quarter.

This growth came despite continued outflows from its legacy derivatives-based products, highlighting shifting investor preference toward physically backed exchange-traded pr

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