CoinShares develops innovative infrastructure, financial products and services for the digital asset class. It manages and provides liquidity for exchange traded products and undertakes proprietary trading in digital assets. The Group’s services are available globally, except for the ETP issuances, which at present are only offered on the European market. With offices in Jersey, the UK, Sweden and the US, the operations of the target market markets in these countries in particular, subject to regulatory restrictions from time to time. It recently also acquired a blockchain equity index business. The rebound in digital asset prices versus end-June 2021 assisted its management fee income, which aids in offsetting lower trading volumes in the broader market. Net outflows from XBT Provider AB, a CoinShares Company have eased lately and increased net inflows from institutional-grade CoinShares Physical ETPs have strengthened its profits.
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