Wu said that European crypto asset management firm CoinShares disclosed in its FY2025 financial report that total revenue was $165.7 million, a 6.5% increase year-over-year; total income and operating-related gains amounted to $197.6 million, roughly flat compared to the previous year; among them, asset management revenue was $126.4 million, up 13.1% year-over-year, while capital markets revenue and gains were $73.1 million, down 11.6% year-over-year; operating profit was $127 million, up 1.6%; net profit was $114.3 million, lower than $162.4 million in 2024, mainly due to a one-time gain from a $36.8 million FTX claim in 2024 and non-operational gains from ETP pricing differences; as of the end of 2025, assets under management were approximately $7.4 billion (compared to $8 billion in 2024), with an annual net inflow of about $1.1 billion.

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