Coinshares International Limited, a European investment company specializing in digital assets, has announced its Q1 2024 results, marking the most successful quarter in the company’s history. The company reported a 216% year-over-year (YoY) increase in revenue, gains, and other income, and an over 4x YoY increase in adjusted EBITDA. Total comprehensive income increased by over 11x YoY. The CEO, Jean-Marie Mognetti, highlighted the acquisition of Valkyrie’s ETF business (exchange-traded funds) as a pivotal move that expanded their operations across the Atlantic. The company’s Asset Management division saw strong inflows, particularly from Coinshares Physical, contributing significantly to the platform’s performance. The Capital Markets & Hedge Fund Solutions division delivered robust top-line performance, thriving particularly after the launch of the US Spot Bitcoin ETFs. The Board of Directors approved a new dividend policy for the fiscal year 2023, committing to an annual dividend of 20% to 40% of the group’s total comprehensive income.
Coinshares Reports Its Most Successful Quarter Ever in Q1
news.bitcoin.com
14 May 2024 07:34, UTC