Encrypted asset management company CoinShares released its financial report for the fourth quarter of 2022. The company’s revenue in the fourth quarter was 8.8 million pounds, a decrease of 65% from the 25.7 million pounds in the same period in 2021.
Full-year revenue for 2022 will be £51.5 million, a 36% decrease from £80.8 million for the same period in 2021. Consolidated total revenue for the full year 2022 will be £3 million, down 97% from £113.4 million in the same period in 2021.
As of December 31, 2022, the group’s assets under management (AUM) were £1.44 billion (approximately US$1.731 billion), of which £1 billion was on the balance sheet related to group ETPs issued by XBT Provider and CoinShares Digital Securities Limited . The remaining £440m is attributable to the BLOCK index, which is not included in the balance sheet.