CoinShares US

Hyperliquid is back in focus after President Trump said work is underway on a compliant path to bring the platform into the US. The details of what that could look like remain undefined. So, what is @HyperliquidX and why does it matter? A timely revisit of our explainer: coinshares.com/insights/know…

WGMI is evolving. The CoinShares Bitcoin Mining ETF is now the CoinShares Bitcoin Mining and Digital Power ETF. Same ticker. Broader story. @Bitcoin miners are increasingly becoming digital infrastructure operators, powering both Bitcoin and AI. More here: coinshares.com/us/news/coins…

Price swings are only part of the story. For investors, volatility is also a tool: it informs positioning, hedging and portfolio construction. With BVX, @Bitcoin now has a forward-looking benchmark for expected 30-day volatility. More here: coinshares.com/insights/know…

Most crypto tokens are hard to value. HYPE is different: @HyperliquidX’s usage flows directly into token demand through an on-chain buyback mechanism. Our latest research by Luke Nolan (@eazygambit) introduces a 5-year valuation framework for HYPE, built across seven revenue streams. Base case: ~$147 by 2031. Bull case? More below. Hyperliquid. coinshares.com/insights/rese…

Professional @Bitcoin ownership faced its first real ETF-era bear market test. As our latest report by Matthew Kimmel (@bc1matt) shows, 13F holdings fell 17% in Q1, but the selling was highly concentrated. Hedge funds and brokerages drove most of the reduction, while advisors held relatively steady and banks continued to add. Not all institutional flows tell the same story. More here: coinshares.com/insights/rese…

Crypto privacy is often framed as a compliance problem. But the real issue may be architectural. Zero-knowledge proofs, selective disclosure and institutional networks like @CantonNetwork show that privacy and compliance don’t have to be opposites. Full article: coinshares.com/insights/know…

Ethereum is getting harder to value. After Dencun, fees collapsed, but network usage kept growing. Our latest research by Luke Nolan (@eazygambit) introduces a 5-year sum-of-parts framework for ETH, combining cash flows, monetary premium, and network effects. Base case: ~$4,935 by 2031. @ethereum More here: coinshares.com/insights/rese…

📉 Crypto ETPs and ETFs saw outflows of US$1.7B last week. @Bitcoin saw US$1.4M of outflows, the largest weekly outflow of 2026. @ethereum saw US$257M of outflows. XRP (@Ripple) at US$20.3M, @HyperliquidX at US$10.8M and @NEARProtocol at US$7.6M are the only notable inflows. 🇺🇸 - US$1.63B 🇩🇪 - US$25.7M 🇸🇪 - US$6.6M 🇭🇰 - US$4.5M 🇧🇷 - US$3.2M Learn more in @jbutterfill’s full report: coinshares.com/insights/rese…

“Volatility and monetary credibility are not the same thing.” In his May Output, @jmmognetti looks beyond the market relief trade and asks whether bond markets are starting to price something deeper: regime change. If the old portfolio hedges stop working, @Bitcoin’s design becomes harder to ignore. Full output here: coinshares.com/insights/the-…

Crypto ETPs and ETFs saw outflows of US$1.5B last week. @Bitcoin saw US$1,315M of outflows, the largest weekly outflow of 2026. @ethereum saw US$222.8M of outflows. Altcoins continued to attract selective inflows: XRP (@Ripple) recorded US$31.8M, @NEARProtocol US$9.0M, @solana US$7.7M, @SuiNetwork US$2.9M and Multi-asset US$4.7M. USA: - US$1.42B CHE: - US$16.2M CAN: - US$12.5M HK: - US$12.2M NED: + US$6.6M GER: - US$4.4M Learn more in @jbutterfill’s full report: coinshares.com/insights/rese…

Our latest Fund Manager Survey shows a market still cautious, but evolving. Allocations remain low (~1%), but increasingly driven by diversification and client demand, not speculation. @Bitcoin leads, but sentiment is rotating toward @ethereum and @solana. Full survey by @jbutterfil here: coinshares.com/insights/rese…

Crypto ETPs and ETFs saw outflows of US$1.1B last week. @Bitcoin saw US$982M of outflows. @ethereum saw outflows of US$249M, its largest since 30th January. Altcoins held up notably well. XRP (@Ripple) recorded US$67.6M of inflows and @solana US$55.1M, both accelerating on recent weeks. USA: - US$1.1B CHE: + US$22.8M GER: + US$22M CAN: + US$12.6M NED: + US$7.5M

Crypto ETPs and ETFs saw inflows of US$857.9MM last week. @Bitcoin and @ethereum both saw inflows of US$706.1M and US$77.1M respectively. @solana recorded US$47.6M and XRP (@Ripple) US$39.6M, both notable accelerations on recent activity. USA: + US$776.6M GER: + US$50.6M CHE: + US$21.1M NED: + US$5M CAN: + US$4M

Crypto ETPs and ETFs saw inflows of US$117.8M last week. Products saw four consecutive days of outflows totalling US$619M from Monday to Thursday, before a single-session inflow of US$737M on Friday flipped the week to positive. @Bitcoin saw US$192.1M of inflows. @ethereum saw US$81.6M of outflows. USA: + US$47.5M GER: + US$43.8M CAN: + US$16M CHE: + US$5.2M AUS: + US$4M

2025 reflects the strength of the platform we’ve been building over the past decade. US$165.7M in revenue and US$131.3M in EBITDA (+9% YoY), driven by growth in asset management and disciplined pricing in a market under fee pressure. With US$7.4B in AUM and #1 in Europe by inflows, we’re now entering a new phase following our @Nasdaq listing. $CSHR More here: investor.coinshares.com/pres…

“A financial system without recourse is not a financial system. It is a mechanism for distributing loss.” In his latest monthly output, our CEO @jmmognetti reflects on what April’s DeFi exploits really revealed: not a black swan, but a structural gap. Until accountability is rebuilt, scale will remain out of reach.

Digital asset investment products saw inflows of US$1.2B last week. @Bitcoin saw US$933M of inflows broadly in line with the prior month's average and suggesting persistent but not elevated hedging demand. @ethereum also saw inflows at US$192M. USA: + US$1.08B GER: + US$61.7M CHE: + US$35.2M CAN: + US$15.5M