Press releases

Tuesday, 8 March 2022, SAINT HELIER, Jersey – CoinShares International Limited (Nasdaq First North Growth Market: CS;US OTCQX: CNSRF) (“the Company”), Europe’s largest and longest standing digital asset investment firm, today announced that its CEO, Jean-Marie Mognetti, will present at Water Tower Research’s Virtual Fireside Chat on March 10, 2022 at 11:00 am EST to discuss:

The reasons behind CoinShares’ 2021 record performance.
The way CoinShares’ technology is the core component of its B2C & B2B2C strategy.
The top three elements that make crypto 2014 different than crypto 2022.
The impact that the turmoil in Ukraine and Europe might have on crypto.

Please register for the event here .

About Water Tower Research
Water Tower Research is an investor engagement and stakeholder communication platform powered by sector experts with significant Wall Street and industry experience. We create, deliver, and maintain the information flow required by companies to build and preserve relationships with all stakeholders and existing and potential investors. "Research for the Other 99%™" opens the door for companies to digitally share their stories directly and engage with a broad, diverse set of investors.

About CoinShares
CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS and the OTCQX under the ticker CNSRF.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com
Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se

Feb 25, 2022

CoinShares Announces Preliminary Full-Year Results for the period ended 31 December 2021

Feb 22, 2022

CoinShares to Report Fourth Quarter and Preliminary Full Year 2021 Financial Results on 22 February 2022

CoinShares delivers strongest full-year & fourth quarter financial results in the Group’s history

22 February 2022 | SAINT HELIER, Jersey | CoinShares International Limited (Nasdaq First North Growth Market: CS;US OTCQX: CNSRF) (“CoinShares”), Europe's largest and longest standing digital asset investment firm today released its financial results and operational updates for the twelve-months ended 31 December 2021.

The full report, which is attached to this press release, can also be found on the CoinShares Investor Relations site .

Financial Results Summary

Following on from the Group’s record Q3 results announced on 4 November 2021, CoinShares achieved a record Q4, resulting in the strongest annual results in the Group’s history.

The financial highlights for the year ended 31 December 2021 include:

Total comprehensive income of £114.3 million
(2020 full-year: £18.6 million);*

Adjusted EBITDA of £121.7 million, achieving a margin of 80%
(2020 full-year: £22.3 million / 61%);*

Management fees generated by the Group’s Asset Management Platform of £80.6 million
(2020 full-year: £18.4 million);

Income and gains generated by the Group’s Capital Markets Infrastructure of £62.1 million
(2020 full-year: £16.8 million);

Fair value gains on Principal Investments of £9.6 million
(2020 full-year: £1.0 million);

ETP assets under Management (“AUM”) as at 31 December 2021 of £3.3 billion
(31 December 2020: £1.7 billion);

CoinShares Blockchain Global Equity Index AUM as at 31 December 2021 of £880.5 million
(31 December 2020: N/A);and

Net asset position of the Group as at 31 December 2021 of £200.9 million
(31 December 2020: £56.5 million).

*Previously reported Total comprehensive income and Adjusted EBITDA of £18.4 million & Adjusted EBITDA of £22.1 million have been revised to the figures disclosed above as a result of adjustments arising from the Group’s transition from FRS102 to IFRS. Please see notes 1.2 and 12 within the full report for further information.

Commenting on today’s results, Jean-Marie Mognetti, Chief Executive Officer of CoinShares stated:

“CoinShares has maintained the momentum we experienced moving into 2021 over the entire year, including this most recent quarter. Adjusted EBITDA for Q4 was £32.9 million, whilst adjusted EBITDA for the year sits at £121.7 million, an increase of more than 400% versus the year ended December 2020.

This performance confirms the CoinShares business model’s resilience and ability to scale. As a reminder, our structure allows us to perform under a variety of market conditions. We have taken advantage of the evolution occurring in the wider industry and translated it into earnings and balance sheet growth.”

We are looking forward to expanding CoinShares' value proposition in 2022.

The Company will hold a webcast on Tuesday, 22 February 2022 at 3:00 pm GMT (10:00 am ET) to discuss the results for the period ended 31 December 2021. The live webcast of the earnings conference call can be accessed on the Investor Relations section of the CoinShares website at http://coinshares.com/investor-relations . A replay of the webcast will be available online approximately 2 hours following the live call for a period of 30 days.

About CoinShares

CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS and the OTCQX under the ticker CNSRF.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com
Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 8:00am GMT on 22 February 2022.

_________________________________

Forward looking statements

The report contains certain forward-looking statements and opinions. Forward looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.

Attachment

Q4 and Preliminary Full-Year Earnings Report

Feb 1, 2022

CoinShares Lists World’s First Crypto ETPs With Transparent Staking Rewards and Reduced Management Fees

Jan 26, 2022

Technical Update on the Acquisition of Napoleon and its Social Trading Platform

Unique Tezos and Polkadot ETPs to feature staking rewards of 3.0% p.a. and 5.0% p.a. (respectively) and reduced management fees of 0.0% p.a.

January 26, 2022 | SAINT HELIER, Jersey – CoinShares (“the Company”) (Nasdaq First North Growth Market: CS;US OTCQX: CNSRF), Europe's largest digital asset investment firm with over US$2.9bn in AUM, today announced the launch of the world’s first physically-backed crypto exchange traded products (ETPs) designed to share the rewards of staking with investors. CoinShares Physical Staked Tezos and CoinShares Physical Staked Polkadot will be listed on Germany's main market Börse Xetra. The new ETPs leverage CoinShares’ technology platform to provide simple exposure to proof-of-stake protocols and the rewards for participating in their security.

Townsend Lansing, Head of Product at CoinShares, commented on today’s news, “Proof-of-stake protocols require investors to use their holdings to validate the network and its transactions. The validator also earns the protocol’s digital currency, which means investors can contribute their assets to create large pools that share in those rewards. We are proud to launch the first physically-backed crypto ETPs with a unique mechanism that enables us to share staking rewards with investors in a transparent way.”

CoinShares Physical Staked Tezos
Management Fee: Reduced to 0.0% p.a.
Staking Reward: 3.0% p.a.
ISIN: GB00BMWB4803
Ticker: XTZS
WKN: A3GVCZ

CoinShares Physical Staked Polkadot
Management Fee: Reduced to 0.0% p.a.
Staking Reward: 5.0% p.a.
ISIN: GB00BNRRFW10
Ticker: CDOT
WKN: A3GVC0

According to their website, CoinShares' Staked ETPs are built to allow the Issuer to share staking rewards with investors by a) reducing the management fee and b) increasing the Coin Entitlement of the ETP each day, as staking awards accrue.

CoinShares Digital Securities Limited (the "Issuer") formally announced on January 26, 2022 a reduction in the management fees to 0.0% p.a. for both Tezos and Polkadot ETPs, and additional Staking Rewards of 3.0% p.a. and 5.0% p.a., respectively.

CoinShares also notes that staked coins do not move from the secure custodian where they are stored, and the ETPs remain 100% physically backed at all times.

Frank Spiteri, CoinShares’ Chief Revenue Officer, added, “ETP investors should be able to participate in the full growth potential of these protocols. CoinShares has a history of firsts and innovation, having launched Europe’s first Bitcoin ETP in 2015, and we are excited to push the industry forward again with these staked ETP launches. We believe that over time this will become investors' preferred structure for ETPs tracking digital assets based on proof-of-stake blockchains.”

This launch brings the total number of ETPs launched on the CoinShares Physical ETP platform to six, and comes after CoinShares shared its Q3 financial results after listing on Nasdaq's First North Growth Market in March 2021.

Jean-Marie Mognetti, CoinShares CEO, concluded, “Our past successes were closely correlated with the quality and the innovative essence of our technology platforms and infrastructures, always contributing to elevate trust, transparency and innovation as core principles of our Exchange Traded Product offerings. One more time, we are back with a unique offering, breaking the established principles of this industry by leveraging CoinShares’ technology stack and expertise."

About the CoinShares Group

CoinShares is Europe's largest digital asset investment firm, managing billions of assets on behalf of a global client base. Our mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under ticker CS and the OTCQX under the ticker CNSRF.

Media Contact
Jay Morakis
+1 646 859 5951
press@coinshares.com

Certified Advisor
Mangold Fondkommission AB
+46 (0)8 503 015 50
ca@mangold.se

SOURCE CoinShares Group

Dec 17, 2021

CoinShares Agrees to Acquire Napoleon and its Social Trading Platform Expanding into New Consumer Market Segment

17 December 2021 | SAINT HELIER, Jersey | CoinShares International Limited (Nasdaq First North Growth Market: CS;US OTCQX: CNSRF) (“CoinShares”), Europe's largest and longest standing digital asset investment firm, is pleased to announce that further to the announcement of 1 December 2021, the acquisition of the French FinTech firm Napoleon Crypto SAS and its subsidiaries (“Napoleon”) completed on Thursday, 16 December 2021.

The transaction was settled via a combination of cash and a partial equity swap, with the issuance of 363,636 new ordinary shares (“Consideration Shares”) at a price of SEK 110 (EUR 10.8) per share representing a 31% premium versus the Thursday, 16 December closing price on the Nasdaq First North Growth Market.

About CoinShares
CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS and the OTCQX under the ticker CNSRF.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com
Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 7:00am GMT on 17 December 2021.

Forward looking statements
The report contains certain forward-looking statements and opinions. Forward looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.

Dec 1, 2021

Correction: CoinShares to Commence Trading in the United States on OTCQX under the Symbol $CNSRF

1 December 2021 | SAINT HELIER, Jersey | CoinShares International Limited (Nasdaq First North Growth Market: CS;US OTCQX: CNSRF) (“CoinShares”), Europe’s largest and longest standing crypto firm, today announced it has agreed to acquire the French FinTech firm Napoleon Crypto SAS and its subsidiaries (“Napoleon”). Napoleon and its employees will become part of the CoinShares family of companies, leveraging CoinShares’ technology, market infrastructure, and market presence to further accelerate platform growth with a strong focus on self-directed investors.

Napoleon enables self-directed investors to expand their crypto investing experience by offering a suite of pre-built portfolios and strategies that cater to different investment objectives. The platform is seamlessly integrated with crypto exchanges like Binance, Bitfinex, Bitmex, FTX and Bitstamp, and is non-custodial, meaning users retain complete control over their funds while deploying algorithmic strategies and allocation models. Since its inception in 2017, Napoleon has established a strong foothold among the French investment community and has been looking to expand globally its consumer platform.

Under CoinShares’ ownership, Napoleon will continue to double down on building a vibrant investment community and delivering actionable insights. This community will join a larger social community that CoinShares has been working to build over the past seven years;a community focused on trading a wide variety of assets in a broad range of markets while optimizing for a variety of portfolio objectives including risk management, yield generation, and portfolio diversification.

Upon completion (expected in the second week of December) all of Napoleon’s team and assets will become part of CoinShares, and benefit from the scale and size of CoinShares’ broader outreach. At this point in time, there will be no changes to Napoleon’s day to day management and product offerings.

Napoleon Group GM JC Dudek commented “Napoleon Group is proud to have built one of Europe’s most active crypto trader communities. This transaction will enable us to focus on accelerating our platform growth and client acquisition. We are very excited to join CoinShares and their broader ecosystem of partners to keep scaling.”

CoinShares’ acquisition of Napoleon is part of the Group’s growth strategy to continue expanding its in-house technology and platforms to reach new markets with new products that will help bridge the gap between traditional and decentralized finance while recognizing a deep change in investor preferences.

CoinShares CEO Jean-Marie Mognetti noted “Crypto is about community, and over the last seven years, CoinShares has built a fantastic one. As we continue to grow, it is increasingly important for us to keep developing our ability to distribute our research, expertise, and products directly to our clients via the most appropriate channel. Today, Napoleon offers crypto exchange clients the capabilities to hook their exchange account to our platform of thematic algorithmic trading strategies and baskets designed to offer better risk adjusted return based on customer selected risk profile. Scaling this platform, and its attached services, is the perfect way to kick start a new and exciting consumer focused growth chapter for CoinShares.”

Technical note:

On 30 November 2021, CoinShares International Limited entered into a sale and purchase agreement (the “SPA”) to acquire the entire issued share capital in Napoleon Crypto SAS for €13,930,427.43. The transaction will settle via a combination of cash and a partial equity swap, with the issuance of 363,636 new ordinary shares (“Consideration Shares”) at a price of €10.8 per share and is expected to complete in the second week of December upon admission of the Consideration Shares to trading. The SPA contains customary vendor and purchaser representations and covenants. CoinShares will own the intellectual property and existing contracts relating to the business.

About CoinShares
CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS and the OTCQX under the ticker CNSRF.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations – Jay Morakis | +1 646 859 5951 | enquiries@coinshares.com
Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 7:00am GMT on 1 December 2021.

Forward looking statements
The report contains certain forward-looking statements and opinions. Forward looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.

Nov 19, 2021

CoinShares to Commence Trading in the United States on OTCQX under the Symbol $CSNRF

Replacement of announcement published at 07:00am GMT, 19 November 2021, in which the ticker symbol was incorrectly stated to be CSNRF. It has been corrected to CNSRF. All other information is correct.

SAINT HELIER, Jersey – 19 November 2021 – CoinShares International Limited, (NASDAQ First North Growth Market: CS) (OTCQX: CNSRF) (“CoinShares” or the “Group” or the “Company”) today announces that its application to begin trading on the OTCQX market in the United States as an ordinary share under the symbol “CNSRF” has been approved and trading is scheduled to commence later today. The Company will also continue to trade on the Nasdaq First North Growth Market in Sweden under the symbol “CS”.

CoinShares is Europe’s largest and longest standing crypto firm. Its two core operating verticals, being its Capital Markets Infrastructure and its Asset Management Platform, have been built upon a core technology stack which has continuously evolved and improved since 2016. Additionally, the Group is actively expanding its investment portfolio through its venture arm and M&A activities. Through these activities, CoinShares provides investors global access to cryptocurrency markets through regulated means, while also covering the high growth crypto venture space. The Company also leverages its industry leading research arm to provide unparalleled insight into the rapidly evolving digital asset ecosystem.

CoinShares CEO, Jean-Marie Mognetti, commented on today's news, “Securing trading in our stock through ordinary shares in the United States on the OTCQX Market is another milestone as we execute on our strategy to enhance shareholder value and expand access to the digital asset ecosystem. U.S. investors can now actively trade our stock with ease. As we move into 2022, the CoinShares team continues to expand into new markets, new product offerings, and new verticals as we build the financial technology firm of the future.”

Since the IPO, CoinShares has had a series of successive record-breaking earnings quarters and completed acquisitions and strategic investments to expand its global presence. Additional information can be found on the Group’s Investor Relations site.

The OTCQX market provides value and convenience to U.S. investors, brokers and institutions seeking to gain exposure to CoinShares’ ordinary shares. OTCQX is OTC Markets Group's premier market for established, investor-focused U.S. and international companies.

About CoinShares

CoinShares is Europe's largest and longest standing digital asset firm. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS.

For more information on CoinShares, please visit: https://coinshares.com

Company | +44 (0)1534 513 100 | enquiries@coinshares.com

Investor Relations – Jay Morakis | +1 646 859 5951 | enquiries@coinshares.com

Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out above, at 7:00am GMT on 19 November 2021.

Forward looking statements

The report contains certain forward-looking statements and opinions. Forward looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.

Nov 19, 2021

CoinShares Appoints Christine Rankin and Viktor Fritzén as Independent Non-Executive Directors

SAINT HELIER, Jersey – 19 November 2021 – CoinShares International Limited, (NASDAQ First North Growth Market: CS) (OTCQX: CSNRF) (“CoinShares” or the “Group” or the “Company”) today announces that its application to begin trading on the OTCQX market in the United States as an ordinary share under the symbol “CSNRF” has been approved and trading is scheduled to commence later today. The Company will also continue to trade on the Nasdaq First North Growth Market in Sweden under the symbol “CS”.

CoinShares is Europe’s largest and longest standing crypto firm. Its two core operating verticals, being its Capital Markets Infrastructure and its Asset Management Platform, have been built upon a core technology stack which has continuously evolved and improved since 2016. Additionally, the Group is actively expanding its investment portfolio through its venture arm and M&A activities. Through these activities, CoinShares provides investors global access to cryptocurrency markets through regulated means, while also covering the high growth crypto venture space. The Company also leverages its industry leading research arm to provide unparalleled insight into the rapidly evolving digital asset ecosystem.

CoinShares CEO, Jean-Marie Mognetti, commented on today's news, “Securing trading in our stock through ordinary shares in the United States on the OTCQX Market is another milestone as we execute on our strategy to enhance shareholder value and expand access to the digital asset ecosystem. U.S. investors can now actively trade our stock with ease. As we move into 2022, the CoinShares team continues to expand into new markets, new product offerings, and new verticals as we build the financial technology firm of the future.”

Since the IPO, CoinShares has had a series of successive record-breaking earnings quarters and completed acquisitions and strategic investments to expand its global presence. Additional information can be found on the Group’s Investor Relations site.

The OTCQX market provides value and convenience to U.S. investors, brokers and institutions seeking to gain exposure to CoinShares’ ordinary shares. OTCQX is OTC Markets Group's premier market for established, investor-focused U.S. and international companies.

About CoinShares

CoinShares is Europe's largest and longest standing digital asset firm. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS.

For more information on CoinShares, please visit: https://coinshares.com

Company | +44 (0)1534 513 100 | enquiries@coinshares.com

Investor Relations – Jay Morakis | +1 646 859 5951 | enquiries@coinshares.com

Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out above, at 7:00am GMT on 19 November 2021.

Forward looking statements

The report contains certain forward-looking statements and opinions. Forward looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.

Nov 10, 2021

10 November 2021 | SAINT HELIER, Jersey | CoinShares International Limited, (Nasdaq First North Growth Market: CS) ("CoinShares" or the "Group" or the “Company”) today announced that the Board has elected to appoint Christine Rankin and Viktor Fritzén as Independent Non-Executive Directors of the Company, effective Monday, 8 November 2021.

A Few Words about Christine Rankin:
Christine is a former Partner at PWC and has held positions of trust at several organisations including Spotify, NASDAQ and Cherry AB. She currently holds the position of Senior Vice President, Corporate Control of Veoneer, a worldwide leader in automotive technology. Christine earned her Bachelor in Business Administration and Economics from Stockholm University. She is a Swedish citizen and is based in Stockholm, Sweden.

A Few Words about Viktor Fritzén:
Viktor held the positions of Global Investment Research Analyst and Corporate Finance Analyst at Goldman Sachs and GP Bullhound respectively, before joining LeoVegas Group as CFO. He currently holds the position of non-executive director on the boards of Avanza Bank Holding AB, StickerApp Sweden AB and others. Viktor earned his Master in Finance from the Stockholm School of Economics. He holds both Swedish and American citizenship and is based in Stockholm, Sweden.

Daniel Masters, Chairman of the Board, commented on these appointments, "It is with great pleasure that I announce the appointment of two new Board Members. Christine brings a wealth of experience in financial control and audit. Her broad, high-level, multi-jurisdictional and Main Market experience makes Christine an optimal candidate. Viktor Fritzén brings a rare combination of high profile, public company experience, and a natural enthusiasm and appreciation for the digital asset industry. These appointments in combination with our highly talented incumbent board are another important step by CoinShares on the path to up-listing to the regulated segment of NASDAQ OMX. I would like to extend my warmest welcome to both our new members and I look forward to continuing the CoinShares journey with our new colleagues aboard. “

Christine Rankin added, "I am excited to join the Board of CoinShares at such an exciting time in the Company’s journey. I hope to contribute to the Group’s continued success."

Whilst Viktor Fritzén said, "I have been invested in CoinShares’ products since 2015 and have been impressed by CoinShares’ track record across all its business areas. For many years I have had a strong belief that great businesses will be made in the intersection of the crypto-economy and traditional finance and CoinShares is one of the best-positioned technology companies for this megatrend. I am delighted to join the CoinShares Board of Directors and look forward to being a part of this exciting journey."

Further Information
Christine Rankin, aged 57, holds or has held the following directorships or partnerships in the past five years:

Current positions Listed Venue Previous positions Listed Venue Veoneer Inc NYSE and Nasdaq OMX Adventure Box AB Nasdaq FN Veoner Sweden AB NA Technopolis PLC Nasdaq OMX Veoneer AB NA Cherry AB Nasdaq OMX Zenuity AB NA Nasdaq OMX Stockholm NA Serneke AB Nasdaq OMX

Viktor Fritzén, aged 36, holds or has held the following directorships or partnerships in the past five years:

Current positions Listed Venue Previous positions Listed Venue Avanza Bank Holding AB Nasdaq OMX LeoVegas AB Nasdaq OMX Readly International AB (publ) Nasdaq OMX StickerApp Holding AB NA Appjobs Sweden AB NA Försäkringsaktiebolaget Avanza Pension NA

No further information is required to be disclosed pursuant to Listing Rule 4.2.4.

About CoinShares

CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS.

For more information on CoinShares, please visit: https://coinshares.com

Company | +44 (0)1534 513 100 | enquiries@coinshares.com

Investor Relations – Jay Morakis | +1 646 859 5951 | enquiries@coinshares.com

Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 7:00am GMT on 10 November 2021.

Forward looking statements

The report contains certain forward-looking statements and opinions. Forward looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.

Nov 8, 2021

CoinShares Announces Interim Results for the Period ended 30 September 2021

Nov 4, 2021

Edison initiates coverage of CoinShares International Limited

CoinShares delivers strongest third quarter financial results in the Group’s history

SAINT HELIER, Jersey, November 4, 2021 – CoinShares International Limited (Nasdaq First North Growth Market: CS) (“CoinShares”, the “Group” or the “Company”) today released its financial results and operational updates for the third quarter and nine-months ended 30 September 2021.

The full report, which is linked in this press release, can also be found on the CoinShares Investor Relations site.

Financial Results Summary

Following the Group’s record Q2 results as announced on 5 August 2021, CoinShares achieved a record Q3, resulting in the strongest nine-month performance in the Group’s history. The financial highlights for the period ended 30 September 2021 include:

Total comprehensive income of £84.9 million
(2020 comparative: £14.3 million;2020 full year: £18.4 million).

Adjusted EBITDA of £88.8 million, achieving a margin of 81%
(2020 comparative: £14.4 million / 59%;2020 full year: £22.1 million / 61%).

Management fees generated by the Group’s Asset Management Platform of £55.1 million (2020 comparative: £11.3 million;2020 full year: £18.4 million).

Income and gains generated by the Group’s Capital Markets Infrastructure of £45.9 million (2020 comparative: £11.6 million;2020 full year: £16.8 million).

Fair value gains on Principal Investments of £9.0million
(2020 comparative: £1.4 million;2020 full year: £1.0 million).

Assets under Management (“AUM”) as at 30 September 2021 of £2.9 billion
(31 December 2020: £1.7 billion).

Net asset position of the Group as at 30 September 2021 of £167.2 million
(31 December 2020: £56.5 million).

Commenting on today’s results, Jean-Marie Mognetti, Chief Executive Officer of CoinShares stated,

“CoinShares continues to evidence consistent performance in its legacy activities while expanding its offering, improving upon its existing infrastructure, and delivering value to its shareholders and the wider digital asset ecosystem."

"Over Q3 and despite some head winds, we have largely maintained the momentum that was seen moving into 2021. This performance demonstrates our business model’s resilience and ability to scale;we continue to take advantage of the evolution seen in the wider industry and translate it into total comprehensive income and balance sheet growth."

The Company will hold a webcast on Thursday, 4 November 2021 at 3:00 pm GMT (11:00 am ET) to discuss the results for the period ended 30 September 2021. The live webcast of the earnings conference call can be accessed on the Investor Relations section of the CoinShares website at http://coinshares.com/investor-relations. A replay of the webcast will be available online approximately 2 hours following the live call for a period of 30 days.

About the CoinShares Group

CoinShares is Europe's largest and longest standing digital asset firm, managing billions of assets on behalf of a global client base. Our mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under ticker CS.

For more information on CoinShares, please visit: https://coinshares.com

Company | + 44 (0)1534 513 100 | enquiries@coinshares.com

Investor Relations – Jay Morakis | + 1 646 859 5951

Certified Advisor – Mangold Fondkommission AB | + 46 (0)8 503 015 50 | ca@mangold.se

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596 / 2014. The information in this press release has been published through the agency of the contact persons set out above, at 8:00 am GMT on Thursday, November 4 2021.

_________________________________

Forward looking statements

The report contains certain forward-looking statements and opinions. Forward looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.

Attachment

COINSHARES_Q3_2021_REPORT

Oct 18, 2021

CoinShares Announces Renaming of the “Elwood Blockchain Global Equity Index”

18 October 2021 | SAINT HELIER, Jersey | CoinShares International Limited, (Nasdaq First North Growth Market: CS) ("CoinShares" or the "Group" or the “Company”) is pleased to announce that Edison has initiated coverage of the Company.

Click here to view the full report or here to sign up to receive research as it is published.

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison

Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Milosz Papst +44 (0)20 3681 2519 investmenttrusts@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on:

LinkedIn https://www.linkedin.com/company/edison-group-/

Twitter www.twitter.com/Edison_Inv_Res

YouTube www.youtube.com/edisonitv

About CoinShares

CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under ticker CS.

For more information on CoinShares, please visit: https://coinshares.com

Company | +44 (0)1534 513 100 | enquiries@coinshares.com

Investor Relations – Jay Morakis | +1 646 859 5951 | enquiries@coinshares.com

Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se

Oct 14, 2021

CoinShares announces strategic investment in Swiss-based online bank, FlowBank

Oct 7, 2021

CoinShares Lists Physically-Backed Crypto ETPs on Euronext Paris & Amsterdam

October 7, 2021 | SAINT HELIER, Jersey | CoinShares International Limited, (Nasdaq First North Growth Market: CS) ("CoinShares" or the "Group" or the “Company”) is pleased to announce a strategic investment of USD 11,845,790 in FlowBank, an online bank headquartered in Geneva, Switzerland.

Following the investment, CoinShares holds 110,000 shares in FlowBank, representing 9.02% of its enlarged share capital.

About FlowBank
Founded by Charles-Henri Sabet in 2020, licensed by the Swiss Financial Market Supervisory Authority (“FINMA”) and a member of esisuisse, FlowBank aspires to make investing accessible to everyone. It does so through intuitively-designed investing platforms, educational trading courses led by seasoned experts, and by offering highly competitive pricing.

Today more than 50,000 financial products including stocks, bonds, commodities, ETFs, Forex, CFDs, and more are available to FlowBank’s clients, allowing both private and institutional clients to invest in a wide range of asset classes on its FlowBank and FlowBank Pro platforms. Additionally, with FlowBank’s planned launch of MetaTrader 4 (“MT4”), customers will be able to further enhance their Forex trading experience.

Strategic Investment
FlowBank’s mission starts within Switzerland’s borders, but the business has international ambitions. FlowBank's association with CoinShares, Europe’s largest and longest standing digital asset firm, further solidifies FlowBank’s mission to create a seamless and innovative banking and investment journey for its customers, whilst keeping the very best of Swiss banking’s heritage.

While FlowBank’s customers can already invest in a variety of products, including CoinShares’ crypto ETPs, it is hoped that its offering can be enhanced with the assistance of CoinShares’ technology stack. From the beginning of next year, it is planned that customers will be able to directly buy, HODL, and sell cryptocurrencies, as well as other tokenized assets, directly from their FlowBank account.

Charles-Henri Sabet, FlowBank’s founder and CEO, commented:
“One year after its successful launch and rapid growth, FlowBank is excited to announce that CoinShares, a pioneer in digital asset investing listed on the Nasdaq First North Growth Market, has become a new strategic investor. This further reinforces FlowBank’s commitment to go beyond the frontiers of traditional investment by providing its customers easy-to-use and trusted gateways to traditional and decentralised finance.

Additionally, this comes at an exciting point in FlowBank’s journey as we are inaugurating a new office in Zurich. The expansion into the country’s main financial hub underlines FlowBank’s deeply-rooted commitment to Switzerland, opening an office in the heart of Zurich’s financial district. With our new location at Löwenplatz, we will now be able to extend our outreach and better connect with our growing user base across all Swiss Cantons".

Jean-Marie Mognetti, CoinShares Co-Founder and CEO, added:
“CoinShares’ technology stack has been the backbone of our success since 2015. To date, this infrastructure layer has powered our internal commercial developments. Offering FlowBank our expertise and the capacity to start building on our technology stack is a testimony to our state-of-the-art infrastructure. FlowBank’s and our vision for the banking and investing industries are aligned and will serve as fertile soil for a fruitful partnership. It is our pleasure to become a strategic shareholder alongside Charles-Henri Sabet and his team in order to help them achieve their growth ambitions.”

About CoinShares

CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under ticker CS.

For more information on CoinShares, please visit: https://coinshares.com

Company | +44 (0)1534 513 100 | enquiries@coinshares.com

Investor Relations – Jay Morakis | +1 646 859 5951 | enquiries@coinshares.com

Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 7:00am BST on October 7, 2021.

Forward looking statements
The report contains certain forward-looking statements and opinions. Forward looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.

Sep 8, 2021

CoinShares Announces September Investor Conference Participation

Europe’s largest digital asset investment firm brings physically-backed Bitcoin and Ethereum ETPs to both Euronext exchanges

September 08, 2021 | SAINT HELIER, Jersey – CoinShares (“the Company”) (Nasdaq First North Growth Market: CS), Europe's largest digital asset investment firm, today announced that two of the Company’s recently launched physically-backed exchange traded products (ETPs) have cross-listed on the Euronext exchange in Paris and Amsterdam. With this latest cross-listing, CoinShares continues to expand its European footprint and will be able to provide a larger investor base with access to digital assets through industry leading, regulated investment vehicles.

CoinShares Physical Bitcoin ISIN: GB00BLD4ZL17 / WKN: A3GPMN / Fee: 0.98% p.a.
CoinShares Physical Ethereum ISIN: GB00BLD4ZM24 / WKN: A3GQ2N / Fee: 1.25% p.a.

Frank Spiteri, CoinShares’ Chief Revenue Officer added “Listing our physical Bitcoin and Ethereum ETPs on Euronext Paris and Amsterdam is another milestone for our CoinShares Physical platform, which has grown to over $560m in assets under management after launching in January. The cross-listing will allow us to continue our mission of working alongside clients to provide investors access to cryptocurrencies through investment products. We are excited to expand into these new marketplaces and continue growing the presence of digital assets in Europe.”

Chief Executive Officer at CoinShares, Jean-Marie Mognetti, commented on today’s news, “We have seen the investor sentiment in Europe shifting in favour of digital assets over the last few years. The institutional demand for our products clearly demonstrates the part cryptocurrencies play in institutional investment portfolios. By listing our physical ETPs in Amsterdam and Paris we’re continuing to put our client’s needs first while also filling a gap in the marketplace. We recently recorded the strongest second-quarter results in CoinShares’ history, and this news, coupled with the recent announcement of our strategic alliance with Invesco Europe, augurs very well for the future of our asset management business.”

The listing of the two ETPs on both Euronext exchanges follows the cross-listing of CoinShares Physical Bitcoin, Ethereum and Litecoin ETPs on Germany’s main market Börse Xetra earlier this year. CoinShares Physical ETPs are now registered for sale in Switzerland, Sweden, Germany, Italy, Austria, Belgium, Luxembourg, Netherlands, Spain, France, Denmark, Finland, Poland and Norway.

About the CoinShares Group

CoinShares is Europe's largest digital asset investment firm, managing billions of assets on behalf of a global client base. Our mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under ticker CS.

Media Contact

Jay Morakis
+1 646 859 5951
press@coinshares.com

Certified Advisor

Mangold Fondkommission AB
+46 (0)8 503 015 50
ca@mangold.se

SOURCE CoinShares Group

Sep 7, 2021

Aug 26, 2021

Aug 23, 2021

CoinShares Announces 2021 Interim Financial Results

Aug 5, 2021

CoinShares to Acquire Global Blockchain Equity Index

CoinShares delivers strongest interim financial results in the Group’s history

SAINT HELIER, Jersey, August 5, 2021 – CoinShares International Limited (Nasdaq First North Growth Market: CS) (“CoinShares”, the “Group” or the “Company”) today released its interim financial results for the six months ended 30 June 2021.

The full report, which is linked in this press release, can also be found on the CoinShares Investor Relations site.

2021 Interim Financial Results Highlights

Total comprehensive income of £58.7 million.

(H1 2020: £10.4 million, FY2020: £18.4 million).

Adjusted EBITDA of £62.8 million, achieving a margin of 85%.

(H1 2020: £8.6 million / 58%, FY2020: £22.1 million / 63%).

Management fees generated by the Group’s Asset Management Platform of £36.7 million.

(H1 2020: £6.7 million, FY2020: £18.4 million).

Income and gains generated by the Group’s Capital Markets of £37.4 million

(H1 2020: £8.0 million, FY2020: £16.8 million).

Fair value gains on Principal Investments of £4.1 million.

(H1 2020: £0.4 million, FY2020: £1.0 million).

Assets under Management (“AUM”) as at 30 June 2021 of £2.2 billion.

(31 December 2020: £1.7 billion).

Net asset position of the Group as at 30 June 2021 of £128.3 million.

(31 December 2020: £56.5 million).

Commenting on today’s results, Jean-Marie Mognetti, Chief Executive Officer of CoinShares stated, “Following an exceptionally strong Q1 report, we have built on that momentum and reported the strongest Q2 in our Group’s history. This was accomplished despite the market volatility and digital asset price erosion reinforcing our view that CoinShares, Europe's largest and longest standing Digital Asset Firm, is much more than a beta play on digital assets. Our Asset Management Platform business increased over 99% and our Capital Markets Infrastructure business increased over 122%, compared to 2020 year-end and significantly higher year-on-year. This strong performance led to an EBITDA improvement of 184% compared to 2020 year-end, in only a six-month period. With the new products brought to market, new exchange listings and new alliances formed, coupled with our acquisition of the ETF business from Elwood Technologies, we are well positioned to keep improving the earnings power of our Company.”

Mr. Mognetti continued, “We are now in what I believe is the best corporate and financial position we have ever been in and have a lot of exciting opportunities ahead to improve our business and drive shareholder value.”

2021 Interim Financial Results Summary

Following the Group’s record Q1 results as announced on 24 May 2021, CoinShares has achieved a record Q2, resulting in the strongest interim performance in the Group’s history. This performance has been primarily driven by Bitcoin and Ethereum prices reaching all-time highs in April and May 2021, respectively. This has resulted in increased management fees across the Group’s Asset Management Platform.

The volatility that accompanied these price increases, and the subsequent volatility of the declines seen in the latter part of May, continuing into June, resulted in market conditions that the Group was able to benefit from. Delta neutral trading strategies, fixed income activities and liquidity provisioning for the Company’s own products all contributed to the strong performance of the Group’s Capital Markets Infrastructure.

2021 Interim Commercial and Operational Highlights

Expanded our footprint into the equities market with the acquisition of the ETF index business from Elwood Technologies, as announced on 6 July 2021, establishing a partnership with Invesco to further bridge the gap between traditional asset management and cryptocurrencies, whilst broadening both firms’ connectivity with global institutional investors and allocators.1
Reached record trading volumes across our two ETP platforms on 19 May 2021, with more than $490m in CoinShares ETPs changing hands in a single day, being the highest volume of any European crypto ETP provider.2 These volumes demonstrated the robustness of the CoinShares Asset Management platform, which continued to operate seamlessly during volatile periods when several crypto exchanges halted trading.
On 7 June 2021, CoinShares announced that three of its physically backed ETPs (CoinShares Physical Bitcoin, Ethereum and Litecoin ETPs) cross-listed on Germany’s Börse Xetra exchange.3
This was followed on 21 June 2021 with an exclusive crypto ETP platform partnership with Finanzen.net, the largest platform for German-language financial and investment news. As a result of the partnership, CoinShares will be the sole provider of physically-backed crypto products on the newly launched investment platform finanzen.net “zero”.4
Collaborated with 3iQ to launch the 3iQ CoinShares Bitcoin ETF5 and Ether ETF6 which are both publicly listed on the Canadian market.
CoinShares and the DeFi Alliance extended their partnership, launching a new chapter in Europe with CoinShares serving as a founding partner.7 This alliance brings together other leading European crypto companies with a vision of supporting European DeFi startups with capital and liquidity and collaboration with partners to build a robust DeFi ecosystem in Europe.
Partnership with Blockdaemon, the leading institutional crypto infrastructure provider and largest independent blockchain infrastructure platform, to build staking and blockchain networking infrastructure into its larger trading and asset management platform.7
Strategic investment into a new ESG-focused investment management company in the United States, Viridi Funds.8 The Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (NYSE: RIGZ) commenced trading on 20 July 2021.

The Company will hold a webcast on Thursday, 5 August 2021 at 3:00 pm BST (10:00 am ET) to discuss the results for the second quarter and interim period ending 30 June 2021. The live webcast of the earnings conference call can be accessed on the investor relations section of the CoinShares website at http://coinshares.com/investor-relations. A replay of the webcast will be available online approximately 2 hours following the live call for a period of 30 days.

About the CoinShares Group

CoinShares is Europe's largest digital asset investment firm, managing billions of assets on behalf of a global client base. Our mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under ticker CS.

For more information on CoinShares, please visit: https://coinshares.com

Company | + 44 (0)1534 513 100 | enquiries@coinshares.com

Investor Relations – Jay Morakis | + 1 646 859 5951

Certified Advisor – Mangold Fondkommission AB | + 46 (0)8 503 015 50 | ca@mangold.se

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596 / 2014. The information in this press release has been published through the agency of the contact persons set out above, at 8:00 am BST on Thursday, August 5 2021.

_________________________________

Forward looking statements

The report contains certain forward-looking statements and opinions. Forward looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.

Attachment

COINSHARES_Q2_2021_REPORT

Jul 6, 2021

Finansinspektionen denies CoinShares’ application regarding Ownership Suitability Assessment relating to proposed acquisition of Peak AM Securities AB

CoinShares expands footprint into equities market with acquisition of the ETF index business from Elwood Technologies
The Invesco Elwood Global Blockchain Equity UCITS ETF has over $1B in assets under management
CoinShares also adds equity research unit and coverage of cryptocurrency and blockchain-related equities

ST. HELIER, Jersey, July 6, 2021 -- CoinShares International Limited (Nasdaq First North Growth Market: CS) (“CoinShares”), Europe’s largest digital asset investment firm, today announced it has acquired the ETF index business from Elwood Technologies. Through this platform, Elwood partnered with Invesco to launch the Invesco Elwood Global Blockchain Equity UCITS ETF (the “Invesco Blockchain ETF”), which provides exposure to internationally listed companies generating earnings from blockchain technology.

The Invesco Blockchain ETF has amassed over $1B in assets since its inception in 2019. In addition to index creation activity, Elwood built a best-in-class equity research team focused on companies in the digital assets space. The equity research unit will join CoinShares and benefit from the scale provided by this organisation. There will be no changes to the Elwood Index and no impact to the Invesco Blockchain ETF. Furthermore, it will continue to publish research on cryptocurrency and blockchain-related equities.

CoinShares CEO Jean-Marie Mognetti commented on today’s news, “As the popularity of thematic ETFs continues to grow, we have seen notable performance dispersion between strategies targeting similar exposures. With investors seeking exposure to cryptocurrencies as well as equities benefiting from blockchain technology, the Elwood Index and Invesco are natural partners for CoinShares. This acquisition marks another milestone for CoinShares as we execute on our strategic plan to generate shareholder value and become a global financial technology company. We look forward to welcoming Elwood’s index platform as the newest addition to the CoinShares team.”

The collaboration between CoinShares and Invesco will further bridge the gap between traditional asset management and cryptocurrencies whilst broadening both firms’ connectivity with global institutional investors and allocators. With $1,505B assets under management as at May 31, 2021, Invesco is one of the world’s largest asset managers offering a comprehensive range of active, passive and alternative investment capabilities, and was the world’s first institutional asset manager to introduce a blockchain-focused thematic ETF via its partnership with Elwood in March 2019.

Elwood Technologies CEO James Stickland added “Elwood is proud to have created the Elwood Global Blockchain Equity Index. This transaction enables Elwood to focus on its core mission to provide world class technology infrastructure for the digital assets market. We are very excited about the opportunities in this rapidly growing area.”

CoinShares reported £17.1M in Q1 asset management revenues from its digital asset ETP business, and recently launched bitcoin and ethereum ETFs in collaboration with 3iQ, and made a strategic investment in a new ESG-focused investment management company in the United States, Viridi Funds.

Gary Buxton, Head of EMEA ETFs at Invesco, concluded: “We believe that blockchain technology and crypto assets will continue to evolve and play an increasingly significant, mainstream role across business, finance and society. The ongoing success and growth of the Invesco Elwood Global Blockchain Equity ETF is a testament to the sector’s momentum and the compelling opportunities for investors. We have enjoyed our three-year collaboration with Elwood and are looking forward to building on this partnership with CoinShares.”

Technical note:

On July 5, 2021, CoinShares International Limited entered into a sale and purchase agreement (the “SPA”) to acquire the entire issued share capital in Elwood Asset Management Services Limited from its parent company, Elwood Capital Management Limited (“ECML”) for $17M. The transaction will settle via an equity swap, through the issuance of 1,298,322 new ordinary shares at a price of $13.09 per share, and is expected to complete in the second week of July upon admission of the consideration shares to trading. The SPA contains customary vendor and purchaser representations and covenants. Upon completion, the consideration shares received by ECML will be subject to a standard 12 month lock up. CoinShares will own the intellectual property and existing contracts relating to Elwood’s index business, including several products currently under development with Invesco.

About the CoinShares Group

CoinShares is Europe's largest digital asset investment firm, managing billions of assets on behalf of a global client base. Our mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under ticker CS.

For more information on CoinShares, visit: https://coinshares.com

Media Contact
Jay Morakis
+1 646 859 5951
press@coinshares.com

Company
+ 44 (0)1534 513 100
enquiries@coinshares.com

Certified Advisor
Mangold Fondkommission AB
+ 46 (0)8 503 015 50
ca@mangold.se

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596 / 2014. The information in this press release has been published through the agency of the contact persons set out above, at 8:00 am BST on Tuesday, July 6, 2021.

Forward-Looking Statements:

The report contains certain forward-looking statements and opinions. Forward-looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.

Jul 1, 2021

Results of the 2021 Annual General Meeting

1 July 2021 | SAINT HELIER, Jersey | CoinShares International Limited, (Nasdaq First North Growth Market: CS) ("CoinShares" or the "Group" or the “Company”) today received confirmation that the Swedish Finansinspektionen (“FI”) has denied the Company’s application regarding the ownership suitability assessment in relation to the direct acquisition of 100 percent of the votes and capital in Peak AM Securities AB (“Peak”).

In its announcement, FI concluded that the Company had not satisfied all of the conditions for granting a permit in accordance with Chapter 24, Section 1 of the Securities Market Act (2007: 528). CoinShares will review the FI’s decision in detail with the assistance of their external advisers and will, following that review, decide how to proceed. The Peak sale and purchase agreement is conditional upon the FI’s approval and contains a EUR250,000 break fee payable to the vendor if the deal does not complete.

Jean-Marie Mognetti, CEO, commented:

“We have taken note of the Swedish Finansinpektionen’s findings. This decision will not change our long-term growth and expansion strategy nor will it impact on the Group's financial performance. Despite an ever-changing regulatory landscape, we shall continue to pursue and maintain positive relationships with our regulators around the world. Whilst enthusiasm for and commitment to the digital asset sector remain CoinShare’s bedrock, such a decision is a timely reminder that we are still at the very beginning of the journey of this new ecosystem.”

Further updates will be provided to the market in due course.

About CoinShares

CoinShares is Europe's largest digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class.

For more information on CoinShares, please visit: https://coinshares.com

Company | +44 (0)1534 513 100 | enquiries@coinshares.com

Investor Relations – Jay Morakis | +1 646 859 5951 | enquiries@coinshares.com

Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 7:00am BST on 1 July 2021.

Jun 28, 2021

CoinShares & Finanzen Zero Announce Exclusive Crypto ETP Platform Partnership

Jun 21, 2021