CoinShares reports $32.4M net profit for Q2

Digital asset manager CoinShares posted a net profit of $32.4 million for the second quarter, a 5.3% decrease from the prior quarter but a 1.9% increase year-over-year, The Block reported. Meanwhile, the firm’s assets under management grew 26% quarter-over-quarter to $3.5 billion, driven by rising prices for BTC and ETH.