Odaily News Digital asset investment institution CoinShares announced its 2024 Q4 and full-year financial report. The key points are as follows:
Q4 2024:
Revenue, earnings and other income of £48.3 million (Q4 2023: £31.6 million)
Adjusted EBITDA of £33.6 million (Q4 2023: £24.5 million)
Total consolidated revenue was £46.7 million (Q4 2023: £15.8 million)
Full year 2024:
Revenue, earnings and other income of £126.8m (2023: £76.3m)
Adjusted EBITDA of £109.8 million (2023: £50.9 million)
Total comprehensive income of £107.5m (2023: £38.4m)
CoinShares Asset Management had the strongest performance this quarter, with physical platforms seeing significant growth in Q4. Physically collateralized Ethereum ETPs led the way with $75 million in inflows, while physical XRP ETPs attracted $31 million in new investment.
Total assets on the CoinShares physical platform grew 54% to $2.3 billion, with the physical Bitcoin ETP becoming the largest ETP in Europe. Despite outflows from the XBT platform, strong gains in cryptocurrency prices pushed AUM up 30% to $3.74 billion.
In the US, its CoinShares-Valkyrie business line saw net inflows of $19 million, with WGMI leading with inflows of $52 million, while the US market saw $16 billion in inflows into crypto spot, futures and equity ETPs. The asset management division had revenues of £25.3 million for the quarter and £87.1 million for the full year 2024.