In Brief

• Crypto investment strategy firm CoinShares achieved a $42 million profit in Q4 2023, rebounding from challenges in 2022.
• Coinshares’ expansion plans include entering the United States market via partnership with asset management firm Valkyrie.
• The firm aims to consolidate European crypto market leadership while leveraging Valkyrie for US growth.

CoinShares, Europe’s largest cryptocurrency investment firm, recorded approximately $42 million USD profit in Q4 2023.

The firm highlighted the “securitisation” of crypto and real-world asset tokenization in its long-term strategy.

CoinShares Experiences Profit After Challenging 2022

In a recent report, CoinShares states that it has begun experiencing growth again after a challenging 2022.

“We continued to execute our strategy and delivered combined revenue, gains and income of £33.3 million in Q4. Our focus on profitability has led to adjusted EBITDA of £25.7 million for the quarter, at a margin of 77%.”

The firm further explained its intention to expand services across Europe this year and enter the US market through asset management firm Valkyrie. CoinShares recently exercised its option to acquire Valkyrie.

“As we move into 2024, our focus is firmly set on consolidating our leadership in Europe and expanding our reach in the US market through the Valkyrie partnership by building a strong product platform.”

The United States Securities and Exchange Commission (SEC) recently approved Valkyrie as one of 11 spot Bitcoin exchange-traded fund (ETF) applicants. CoinShares’ decision to acquire the firm was influenced by the SEC’s favorable ruling.

Meanwhile, CoinShares also reported that it currently has the equivalent of $5.87 billion USD in total assets under management (AUM).

Get to know Godleak

Godleak crypto signal is a  service which provide profitable crypto and forex signals for trading. Godleak tried to provide you signals of best crypto vip channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Godleak crypto leak service have multiple advantages in comparision with other services:

•  Providing signal of +160 best crypto vip channels in the world
• Using high tech bot to forward signals
• Without even a second of delay
• Joining in +160 separated channels on telegram
• 1 month, 3 months , 6 months and yearly plans
• Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

Join for Free

☟☟☟☟☟

https://t.me/Godleakbot

Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

CoinShares Records Profit Amidst Widespread Crypto Adoption in Europe

This follows rapid expansion in the crypto industry in Europe. Most recently, Vipkhoone reported that Binance’s recent survey indicates a strengthening adoption of crypto in Europe.

In a recent report published by Binance, the company conducted interviews with participants from four European countries: France, Italy, Spain, and Sweden.

“A recent Binance survey reveals that a whopping 73% of European residents are optimistic about the future of cryptocurrencies!”

Meanwhile, as crypto adoption surges in Europe, regulators are imposing strict regulations on Bitcoin mining within the region.

On January 31, crypto environmentalist and venture capital investor Daniel Batten shared a section of a report by the European Commission highlighting its plans to curtail crypto.

“While we were sleeping, the European Commission has been creating a report which they plan to label Bitcoin environmentally harmful, a threat to EU energy security, and a haven for financial criminals.”

Meanwhile, global crypto exchanges continue to eye up different parts of Europe that they can expand into.

On February 9, crypto exchange Kraken announced that it obtained a Virtual Asset Service Provider (VASP) registration from the Dutch Central Bank (DCB) in the Netherlands.