image credit: Adobe Stock

CoinShares remains afloat despite heavy FTX losses: Q4 report

February 21, 2023


While other hedge funds decided to close operations after being hit by the FTX debacle, some managed to survive and stay afloat after navigating the challenges brought about by the collapse of the exchange.

In its fourth-quarter report for 2022, institutional crypto fund manager CoinShares highlighted the firm remained “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 primary market and strong levels of inflow into CoinShares physical exchange traded products.

Read More on Cointelegraph