CoinShares’ AUM Tops $6B Following Valkyrie ETF Acquisition

CoinShares sees “its most successful quarter in company history.”

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  • CoinShares has released its Q1 2024 Report.
  • The company posted impressive gains.
  • The development comes after the acquisition of Valkyrie’s ETF business.

Digital asset investment firm CoinShares has reported billions in assets under management (AUM) and a record surge in revenue, gains, and other income in its Q1 earnings report.

The impressive results come after CoinShares acquired Valkyrie’s ETF business on March 12, inheriting the fund’s $530M in assets under management. This acquisition enhanced CoinShares’ global presence and operational footprint across the Atlantic.

Record Q1 Earnings

According to the report published on May 14, CoinShares witnessed a 216% year-over-year surge in revenue, gains, and other income in the first quarter of 2024. The earnings totaled £43.9 million ($55 million), up from £13.9 million ($17.4 million) during the same period last year.


The company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at £34.2 million ($42.9 million), up over fourfold compared to 2023 Q1 results.

Notably, CoinShares’ total comprehensive income grew from £2.9 million ($3.6 million) in 2023 Q1 to £34.1 million ($42.8 million) in 2021 Q1.

$6B in AUM

The firm’s AUM topped £4.77 billion ($6 billion), with £3.82 billion ($4.8 billion) held on its balance sheet relating to ETFs issued by CoinShares Digital Securities Limited and XBT Provider. The remaining £0.95 billion ($1.2 billion) is held in the newly acquired funds from Valkyrie and the BLOCK index.


CoinShares CEO Jean-Marie Mognetti lauded the report, noting that it reflected its commitment to growth and excellence.

“This quarter reflects not only our robust financial performance but also highlights our enhanced strategic growth capabilities, exemplified by the successful acquisition of Valkyrie's ETF business in March 2024,” Mognetti said in a statement.  

Per the statement, 2021 Q1 represented CoinShares’ “strongest quarter ever.”

Read about Coinbase’s recent “system-wide” outage:
Coinbase Suffers Critical Outage: Were Your Funds Safe?

Read how the SEC recently downplayed a court victory for Ripple:
SEC Throws Shade at Ripple Lawsuit Ruling in Coinbase Appeal

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.