CoinShares is a digital asset-focused asset manager listed on Nasdaq and headquartered in Jersey, Channel Islands. The company builds and manages regulated investment products that give institutional and retail investors exposure to digital assets like Bitcoin and Ethereum through familiar financial structures — primarily exchange-traded products (ETPs) listed on regulated exchanges — rather than requiring investors to directly hold digital assets themselves. CoinShares distributes its products through regulated exchanges and financial intermediaries, primarily across Europe. The company operates two platforms: Asset Management and Capital Markets. Asset Management generates recurring management fees that accrue daily as a percentage of AUM, across physically backed and synthetic ETPs, staked ETPs that pass on-chain yield to investors, and actively managed and systematic quantitative strategies. Capital Markets supports Asset Management operationally while also generating standalone revenue by deploying CoinShares' own balance sheet through staking, lending, and non-directional trading strategies. CoinShares argues it achieves breakeven on new products at relatively modest AUM levels, allowing it to profitably launch niche products that larger, scale-driven competitors would find uneconomic. CoinShares has grown through acquisitions including Napoleon Asset Management in France, Valkyrie Funds in the U.S., and most recently Bastion Asset Management in the UK. CoinShares completed a Nasdaq listing via SPAC combination in April 2026, positioning the company as a global digital asset franchise rather than primarily a European firm.