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CoinShares Remains Afloat Despite Heavy FTX Losses: Q4 Report

In its fourth-quarter report for 2022, institutional crypto fund manager CoinShares highlighted that the firm managed to remain “financially robust” despite dealing with the FTX collapse at the end of the year. The fund also presented its wins, such as its graduation to Nasdaq Stockholm’s main market and strong levels of inflow into CoinShares physical ETPs.

According to CoinShares, more than $31 million worth of assets were stuck in the FTX exchange following its bankruptcy declaration. The fund manager remains unsure if they will ever be able to recover the funds and how much of the assets can potentially be recovered. 

(By EZRA REGUERRA)

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