European crypto asset manager CoinShares has reported a strong financial performance in its first annual filing since listing on the Nasdaq, while asset manager WisdomTree also announced significant inflows into its crypto exchange-traded products (ETPs) for the first quarter of 2026.
CoinShares reported full-year revenue of $165.7 million for 2025, with gross assets under management (AUM) reaching $7.4 billion. The firm's asset management revenue grew 13% to $126.4 million in 2025 from $111.7 million in 2024. However, net income fell to $114.3 million from $162.4 million, primarily due to a one-time $36.8 million gain related to FTX claims in 2024 and other non-recurring items. CoinShares completed its $1.2 billion merger with special purpose acquisition company Vine Hill earlier this month and now trades on the Nasdaq under the ticker CSHR. CEO Jean-Marie Mognetti noted that the firm's Physical digital asset ETP ranked as the top digital asset ETP by net inflows in 2025. The company also highlighted holding both MiFID and MiCA authorizations, positioning it for regulated digital asset investment across passive physically-backed ETPs and active alternative strategies. Operating expenses decreased by 2.9% to $70.7 million, and the firm has about $481.3 million in available capital, including $176.7 million in liquid assets.
WisdomTree reported that its total AUM rose to $152.6 billion in Q1 2026, a 30% increase year-on-year. Its crypto ETPs registered net inflows of $137 million, a significant turnaround from net outflows of $89 million in the same period of 2025. Total crypto ETP AUM reached $1.8 billion in Q1, a 15% increase compared to Q1 2025. During the quarter, WisdomTree launched new crypto ETPs tracking Bitcoin, Ethereum, XRP, and Solana. The firm also expanded its tokenization of real-world assets, deploying funds on Ethereum-based chains such as Arbitrum, Avalanche, Base, and Optimism, as well as the Stellar network. In February, WisdomTree launched 24/7 trading and instant settlement for its WisdomTree Treasury Money Market Digital Fund (WTGXX), a first for a registered tokenized mutual fund in the U.S.
