Report

CoinShares - Maintaining robust earnings in Q321

CoinShares International (CS) continues to benefit from the overall benign environment for digital assets. While lower trading volumes in the broader market translated into more limited income/gains from its capital market infrastructure in Q321 compared to the particularly strong Q121 and Q221, the rebound in digital asset prices versus end-June 2021 assisted its management fee income. Moreover, net outflows from XBT Provider Trackers have eased lately and in October were offset by net inflows into its institutional-grade CoinShares Physical ETPs.
Underlying
COINSHARES INTERNATIONAL LTD

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Pedro Fonseca

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