# CoinShares International

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/coinsharesinternational).

## Overview

CoinShares International is a leading digital asset investment firm, providing innovative financial products and services in the cryptocurrency space. The company operates primarily through its Asset Management and Capital Markets segments, offering a range of exchange-traded products (ETPs) and hedge fund solutions. CoinShares has established a strong presence in both Europe and the United States, leveraging its platforms to capitalize on the growing interest in digital assets. With a focus on strategic growth initiatives, CoinShares aims to expand its offerings and enhance its market positioning in the rapidly evolving digital asset industry.

## Products & services

• CoinShares Physical ETPs
• CoinShares XBT ETPs
• Capital Markets trading and liquidity provisioning
• Hedge fund solutions
• BTC treasury management
• Staking services

- **Asset Management** (50%) — Includes ETPs and management fees from digital assets.
- **Capital Markets** (40%) — Involves trading, liquidity provisioning, and treasury management.
- **Principal Investments** (10%) — Investments in digital assets and related technologies.

- CoinShares Physical ETPs
- CoinShares XBT ETPs
- Capital Markets trading and liquidity provisioning
- Hedge fund solutions
- BTC treasury management
- Staking services

## Customers

CoinShares serves a diverse range of clients, including institutional investors, hedge funds, and retail investors seeking exposure to digital assets. The company's products are designed to meet the needs of those looking for secure and regulated access to cryptocurrency markets. Institutional clients benefit from CoinShares' expertise in asset management and capital markets, while retail investors are attracted to the transparency and ease of access provided by the company's ETP offerings. The firm's strategic focus on innovation and market leadership positions it as a preferred partner for clients navigating the digital asset landscape.

- **Institutional Investors** (primary) — Purchase ETPs and use capital markets services for regulated exposure to digital assets.
- **Hedge Funds** (secondary) — Utilize trading and liquidity provisioning services to enhance returns.
- **Retail Investors** (emerging) — Invest in ETPs for easy access to cryptocurrency markets.

- Institutional investors seeking regulated digital asset exposure
- Hedge funds leveraging CoinShares' capital markets expertise
- Retail investors attracted to transparent and accessible ETPs
- Clients interested in staking services for additional yield
- Investors looking for BTC treasury management solutions

## Geography

CoinShares has established a robust presence in both Europe and the United States, leveraging these markets to drive growth and innovation. The company's headquarters are located in Jersey, Channel Islands, providing a strategic base for its operations. CoinShares' products are available across multiple jurisdictions, offering clients global access to digital asset investment opportunities. The firm's geographic diversification helps mitigate regional risks and positions it to capitalize on favorable regulatory developments in key markets.

- Headquartered in Jersey, Channel Islands
- Strong presence in Europe and the United States
- Global access to digital asset investment products
- Geographic diversification mitigates regional risks
- Positioned to benefit from favorable regulatory changes

## Strategy

CoinShares is focused on leveraging its established platforms in Europe and the United States to drive growth through new product offerings and strategic initiatives. The company aims to capitalize on the paradigm shift towards digital assets by expanding its ETP suite and enhancing its capital markets capabilities. CoinShares is committed to maintaining its market leadership by investing in innovation and aligning its teams to seize emerging opportunities. The firm's strategic priorities are designed to strengthen its competitive position and deliver value to shareholders in the rapidly evolving digital asset landscape.

- **Expand ETP offerings** (medium-term) — To capture growing interest in digital assets.
- **Enhance capital markets capabilities** (short-term) — To improve client service and returns.
- **Invest in innovation** (long-term) — To maintain market leadership.

- Expand ETP offerings to capture growing digital asset interest
- Enhance capital markets capabilities for better client service
- Invest in innovation to maintain market leadership
- Align teams to seize emerging digital asset opportunities
- Strengthen competitive position in the digital asset industry

## Risks

CoinShares faces several risks, including market volatility, regulatory changes, and technological disruptions in the digital asset space. The company's reliance on favorable market conditions for trading activities exposes it to fluctuations in asset prices. Regulatory developments, particularly in key markets like the United States and Europe, can impact the firm's operations and product offerings. Additionally, the rapid pace of technological change in the cryptocurrency industry presents both opportunities and challenges for CoinShares. The firm must navigate these risks to sustain its growth and maintain its competitive edge.

- **Market volatility** [high] — Affects asset prices and trading returns.
- **Regulatory changes** [critical] — Can impact operations and product offerings.
- **Technological disruptions** [medium] — Present challenges and opportunities in the digital asset space.

- Market volatility affecting asset prices and trading returns
- Regulatory changes impacting operations and product offerings
- Technological disruptions in the digital asset space
- Dependence on favorable market conditions for trading activities
- Exposure to fluctuations in cryptocurrency valuations

## Accounting

CoinShares has implemented a significant change in its accounting policy for digital assets, now classifying them as either inventory or assets held for hedging. This change allows for fair value movements to be reflected in profit and loss, providing a clearer picture of the company's financial performance. The policy shift enhances the reliability and relevance of CoinShares' financial statements, aligning them more closely with IFRS standards. Investors should consider the impact of this change on reported earnings and the company's approach to digital asset valuation. Additionally, the firm's revenue recognition and cost of sales accounting are critical areas affecting financial analysis.

- **Digital assets accounting policy** — Improves clarity of financial performance

- Change in accounting policy for digital assets to inventory or hedging
- Fair value movements now reflected in profit and loss
- Enhances reliability and relevance of financial statements
- Aligns with IFRS standards for better financial performance clarity
- Impact on reported earnings and digital asset valuation

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*Last updated: 2026-08-11T04:04:51.670000+00:00*