CoinShares

CoinShares PLC is a prominent digital asset management firm that bridges the gap between traditional finance and the cryptocurrency ecosystem. The company's core business model revolves around designing, issuing, and managing a comprehensive suite of digital asset investment products. These include physically and synthetically backed exchange-traded products (ETPs), index-tracking ETFs, and actively managed hedge fund solutions. CoinShares generates the majority of its revenue from asset management fees, which accounted for approximately 69% of its total revenue and gains in 2024, alongside income from capital markets operations and principal investments. Geographically, the firm is the largest crypto asset manager in the EMEA region, operating across numerous European markets with offices in Jersey, France, Sweden, Switzerland, the UK, and the US. In 2024, CoinShares expanded its US footprint by acquiring Valkyrie Funds, and in 2026, it listed on the Nasdaq via a SPAC merger. The company distinguishes itself by holding multiple regulatory licenses (including MiFID, AIFM, and MiCA) and maintaining a strong track record of profitability through various crypto market cycles.