Adjusted profit before taxes, interest, depreciation and amortization of digital asset manager CoinShares for the nine months of 2021 was £ 88.8 million (~ $ 120 million) versus £ 14.4 million (~ $ 19.5 million) in the previous period.
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— CoinShares 👩🚀 (@CoinSharesCo) November 4, 2021
In its third-quarter preliminary financial results, the firm noted that it surpassed second-quarter records. This allowed CoinShares to demonstrate the historically highest results in the nine-month period.
In nine months, the company generated £ 55.1 million (~ $ 74.4 million) in asset management fees. This is almost five times more than in the comparable period in 2020.
As of September 30, the value of assets under the management of CoinShares reached £ 2.9 billion at the beginning of the year, the figure was £ 1.7 billion.
At the end of 2020, the company doubled its profit from £ 11.2 million to £ 22.4 million.
During 2021, CoinShares released several crypto investment products including ETP based on Ethereum, Litecoin and XRP in Europe, as well as Bitcoin ETF in Canada together with 3iQ Corp.
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