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CoinShares is planning to list in the United States, with a second-quarter net profit of $32.4 million.
BlockBeats News, August 29, according to The Block, European cryptocurrency asset management company CoinShares announced a second-quarter net profit of $32.4 million, benefiting from the rise in cryptocurrency prices driving record inflows into its physically backed exchange-traded products, leading to a surge in its assets under management. Boosted by the rise in cryptocurrency prices and record inflows into the company's ETP, assets under management increased by 26% quarter-on-quarter, reaching $3.5 billion.
The report stated that CoinShares is preparing for a listing in the United States, and the specific timing of the U.S. listing for this quarter will be clarified. CoinShares is headquartered in the British Crown Dependency of Jersey but is currently listed on the Nasdaq Stockholm in Sweden.
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