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2025-02-19 05:50:14
CoinShares’ revenue in Q4 last year was £48.3 million, and its full-year revenue was £126.8 million.
<p>Odaily News Digital asset investment institution CoinShares announced its 2024 Q4 and full-year financial report. The key points are as follows:<br/> Q4 2024:<br/> Revenue, earnings and other income of £48.3 million (Q4 2023: £31.6 million)<br/> Adjusted EBITDA of £33.6 million (Q4 2023: £24.5 million)<br/> Total consolidated revenue was £46.7 million (Q4 2023: £15.8 million)<br/> Full year 2024:<br/> Revenue, earnings and other income of £126.8m (2023: £76.3m)<br/> Adjusted EBITDA of £109.8 million (2023: £50.9 million)<br/> Total comprehensive income of £107.5m (2023: £38.4m)<br/> 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.<br/> 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.<br/> 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.</p>
2024-11-27 08:09:46
Cantor Fitzgerald warns of inflation risks and recommends Bitcoin and gold ETFs as safe havens
Odaily News In its biweekly macro report released on Tuesday, Cantor Fitzgerald pointed out that inflation will continue to pose challenges and there are significant upside risks, while recommending investors to pay attention to gold and Bitcoin as potential investments to fight inflation. The report emphasized that despite the Fed&#39;s interest rate cut cycle starting in September, the core inflation rate has remained above 2% for four consecutive years, indicating greater inflationary pressure. Despite this, Cantor Fitzgerald predicts that the stock market will rise before the end of the year, but in the medium term, the outlook for stocks is not optimistic and may prove to be a poor investment option. Specifically, Cantor Fitzgerald reiterated concerns about the upside risks of inflation rates, pointing out that even in the context of core inflation rates continuing to be above 2%, inflation risks remain significant. Faced with this challenge, the financial institution recommends that investors take active countermeasures, among which gold and Bitcoin are seen as effective tools to fight inflation. Cantor Fitzgerald made it clear: &quot;Our view is to buy Bitcoin and gold as a way to deal with the inflation theme.&quot; To help investors with similar ideas, the report also lists a series of gold and Bitcoin-related exchange-traded funds (ETFs) that can be further monitored. Among them, Bitcoin ETFs include iShares Bitcoin Trust (IBIT.US), ARK 21Shares Bitcoin ETF (ARKB.US), Grayscale Bitcoin Trust (GBTC.US), CoinShares Valkyrie Bitcoin Fund (BRRR.US), Invesco Galaxy Bitcoin ETF (BTCO.US), VanEck Bitcoin Trust (HODL.US), WisdomTree Bitcoin Fund (BTCW.US), Fidelity Wise Origin Bitcoin Trust (FBTC.US), Bitwise Bitcoin ETP Trust (BITB.US), Franklin Bitcoin ETF (EZBC.US), etc. (Zhitong Finance Network)
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