🚀 **CoinShares Rockets to 110% Revenue Boost in Q2!** 🚀

European asset manager CoinShares just reported a stellar 110% revenue increase for Q2 2024, thanks partly to cashing in on its FTX claim. Revenue soared to £22.5M ($28.5M) from £10.7M ($13.5M) last year. 📈

- FTX claim sale netted a juicy 116% yield, bringing in £31.32M ($39.78M).

- Wrote down a £21.8M ($27.6M) loss on FlowBank Holdings SA after FINMA declared it bankrupt.

- Adjusted EBITDA hit £26.6M ($33.7M), a 133% YoY increase.

CoinShares also saw $67M in inflows through its European ETPs, with $55M flowing into its Physical Bitcoin ETP. 💰

What do you think about these trends? Drop your thoughts below! 👇