CoinShares

Thank you @NasdaqExchange and @Nasdaq for an unforgettable day. A major milestone for CoinShares and the beginning of a new chapter. Proud to share this moment with our Co-founder, President and CEO @jmmognetti, alongside our Board members and Co-founder @dannylmasters, @CarolineDPham, Paul Grinberg and Christopher D. Myers.

2025 reflects the strength of the platform we’ve been building over the past decade. US$165.7M in revenue and US$131.3M in EBITDA (+9% YoY), driven by growth in asset management and disciplined pricing in a market under fee pressure. With US$7.4B in AUM and #1 in Europe by inflows, we’re now entering a new phase following our @Nasdaq listing. $CSHR More here: investor.coinshares.com/pressreleases/…

Crypto is facing three headwinds at once: Iran, a hawkish Fed, and regulatory uncertainty. Flows have turned negative again (US$605M outflows) but @Bitcoin and equities are holding up. Resilience remains the key signal. More here: coinshares.com/insights/resea…

@jmmognetti Full output here: coinshares.com/insights/the-n…

“A financial system without recourse is not a financial system. It is a mechanism for distributing loss.” In his latest monthly output, our CEO @jmmognetti reflects on what April’s DeFi exploits really revealed: not a black swan, but a structural gap. Until accountability is rebuilt, scale will remain out of reach.

We are honoured to be named Asset Manager of the Year at the inaugural @capital_pioneer Awards. A great recognition of the team building at the intersection of digital assets and capital markets.

@Bitcoin @ethereum Learn more in our full report: coinshares.com/insights/resea…

Digital asset investment products saw inflows of US$1.2B last week. @Bitcoin saw US$933M of inflows broadly in line with the prior month's average and suggesting persistent but not elevated hedging demand. @ethereum also saw inflows at US$192M. USA: + US$1.08B GER: + US$61.7M CHE: + US$35.2M CAN: + US$15.5M

Bitcoin is quietly passing a real-time stress test. Since the Iran escalation: +23% BTC -9% gold -3.3% equities That’s not how a typical “risk asset” behaves in a geopolitical shock. Flows are following the shift, with ~ US$1B of inflows this week alone, suggesting this isn’t just price action, but positioning. More here: coinshares.com/insights/resea…

@tokenterminal @ethereum @HyperliquidX @aave @MakerDAO Read the full report: coinshares.com/insights/resea…

For the first time, we’re introducing a Hybrid Finance report in collaboration with @tokenterminal to map the shift happening across markets. From @ethereum to on-chain platforms like @HyperliquidX, @aave, @MakerDAO, and others. Trading, lending, and capital allocation are moving on-chain.

@Bitcoin @ethereum @Ripple @solana Learn more in our full report: coinshares.com/insights/resea…

Digital asset investment products saw inflows of US$1.4B last week. @Bitcoin saw US$1.1B of inflows with @ethereum also attracting inflows of US$328M. In the meantime, XRP (@Ripple) and @solana both recorded outflows of US$56M and US$2.3M respectively. USA: + US$1.49B CHE: - US$137.8M GER: + US$28M CAN: + US$8.3M SWE: + US$3.1M HK: + US$3M

The setup is getting interesting again. After months of selling, whales are accumulating @Bitcoin for the second consecutive week, just as liquidity above current levels remains thin. Add $520M of inflows and improving sentiment, and the conditions for a sharp move are quietly rebuilding. More here: coinshares.com/insights/resea…

Why does money have value? Because we trust it. Until we don’t. From hyperinflation to currency collapse, history shows how fragile that trust can be. But sure, @Bitcoin is the scam. #DoubleSpending

A milestone moment for CoinShares. From the podium to the opening bell, a look back at our @Nasdaq ceremony last week. The beginning of a new chapter.

@Bitcoin @ethereum @Ripple @solana Learn more in our full report: coinshares.com/insights/resea…

Digital asset investment products saw inflows of US$1.1B last week. @Bitcoin saw inflows totalling US$871M. @ethereum also saw a strong rebound in sentiment with US$196.5M inflows. XRP (@Ripple) saw inflows of US$19.3M while little else saw inflows. @solana saw minor outflows of US$2.5M. USA: + US$1.06B GER: + US$34.6M CAN: + US$7.8M CHE: + US$6.8M

Bitcoin diverged from gold during a geopolitical shock. Gold fell. @Bitcoin rose. That’s not supposed to happen. Add to that: - Whale accumulation (first time in ~7 months) - A more flexible Fed The macro read is shifting. More here: coinshares.com/insights/resea…

The 3rd @hodlerprize winners have been announced. Congratulations to "Otherworld" by Jack Wagner, “Skate Story” by Sam Eng and “Jaw Filler” by Maz Murray and Charlie Markbreiter. And a special mention to the Special Witness Award winner 2000 meters to “Andriivka” by Mstyslav Chernov. All prizes are awarded in @Bitcoin, reflecting a shared commitment to long-term value. Proud to support alongside @Ledger, @CentrePompidou and Dices.