European crypto ETP provider CoinShares: Q2 total revenue approximately $25.9 million, a year-on-year increase of 33%

ChainCatcher news, according to Cointelegraph, European Bitcoin (BTC), Ethereum (ETH), and various alternative cryptocurrency exchange-traded products (ETP) provider CoinShares released a report stating that its total revenue for the second quarter was £20.3 million (approximately $25.9 million), a year-on-year increase of 33%. CoinShares' profit for the second quarter was £5.3 million (approximately $6.76 million), compared to a loss of £600,000 (approximately $770,000) in the same period last year.

Currently, CoinShares' assets under management are approximately £2.1 billion (approximately $2.68 billion).