PANews reported on May 14 that according to Cointelegraph, digital asset investment company CoinShares released its first quarter financial report for 2025. The report showed that the company's net profit for the quarter was US$24 million, down 42.2% from US$41.5 million in the same period last year; EBITDA profit was US$30 million, down 15.5% year-on-year. The company's ETP products had a net inflow of US$268 million in the first quarter, of which Bitcoin spot ETP (BITC) contributed US$202 million. Asset management-related income increased by 20.8% year-on-year to US$29.6 million. However, due to market volatility, Ethereum pledge ETP (ETHE) saw an outflow of US$23 million. Jean-Marie Mognetti, CEO of CoinShares, said that factors such as changes in the macroeconomic environment and a 12.1% drop in Bitcoin prices have led to a 10.7% drop in the company's managed assets to US$1.52 billion. So far this year, the company's stock price has fallen by 9.4%.