CoinShares Reports First-Half Net Loss After Revenue Drop

CoinShares, the European cryptocurrency asset manager, revealed that its first-half revenue decreased and shifted to a net loss, though it continued to see positive fund inflows. Total revenue for the first half amounted to $51.4 million, down 35.7% from the same period last year. Operating loss reached $5.1 million, while net loss for the period was $23.9 million. Fund inflows totaled $27.6 million.