AMFRegulated
France Crypto Asset Management License (AM)

France Crypto Asset Management License (AM)
Jersey Virtual Asset Service Provider (VASP)
At CoinShares, our mission is to expand access to the digital asset ecosystem while serving as trusted partners for our clients. We take this role seriously, and have spent the last seven years building products and services to meet our clients’ needs – from individuals to institutions, and everyone in between.
As the digital asset market grows and evolves, we analyze opportunities and build long-lasting solutions around the needs of our clients.
Professional investors cut their bitcoin ETF exposure sharply during the first quarter of 2026, but fresh filings show banks, advisors, and sovereign entities continued adding positions despite a deep market downturn. Key Takeaways:Coinshares reported 52.5K $BTC sold by 13F filers in Q1 2026.JPMorgan and Wells Fargo lifted bitcoin exposure as hedge funds cut 39%.Bitcoin ETF inflows topped $2.3B by mid-May, shifting focus to Q2 filings. The Great Bitcoin ETF Shakeout, Coinshares Shows Which Investors Lost Conviction According to a recent report from Coinshares Digital Asset Analyst Matt Kimmell, professional bitcoin holdings fell from 313,000 $BTC equivalent to 261,000 $BTC, a 17% quarter-over-quarter decline. The total value of those holdings dropped 35% to $17.8 billion. The report characterizes the decline as the largest quarterly reduction in professional ownership since U.S. spot bitcoin ETFs began trading. The share of ETF assets held by 13F filers also declined from 24.7% to 20.8%. Selling Concentrated Among Traders Kimmell found that hedge funds and brokerages accounted for roughly 95% of the exposure reduction. Hedge funds reduced holdings by 31,400 $BTC, representing a 39% quarterly decline. Brokerages shed 18,800 $BTC, a 53% drop. Together, those groups drove nearly all of the professional selling during the quarter. Kimmell further noted that negative perpetual futures funding

Fund managers are warming back up to digital assets, with Bitcoin continuing to dominate allocation preferences even as broader crypto sentiment improves, according to a new survey by CoinShares. The April survey gathered responses from 26 institutional investors overseeing a combined $1.3 trillion in assets under management. Allocations to digital assets remain relatively modest, at around 1%, reflecting what CoinShares described as “typical entry sizing” in the current de-risking environment. “Bitcoin remains the digital asset with the most compelling growth outlook,” CoinShares head of research James Butterfill wrote in the report. Sentiment toward Ether (ETH) and Solana (SOL) also improved modestly compared with previous quarters. According to the survey, around 32% of respondents have already invested in Bitcoin ($BTC) and 25% have already allocated to Ether. The findings suggest institutional investors are gradually increasing exposure to crypto amid improving market sentiment, growing adoption of exchange-traded funds (ETFs) and a more favorable regulatory backdrop. At the same time, respondents identified internal restrictions and regulatory uncertainty as the main barriers preventing broader adoption. The survey also pointed to a shift away from “legacy altcoins” and toward newer decentralized finance protocols and emerging blockchain sectors. Fund managers identified Bitcoin as having the strongest growth outlook among digital assets, followed

CoinShares, a European-based digital asset manager, is slated to make its US public markets debut today following the completion of a special purpose acquisition company (SPAC) merger, highlighting the crypto industrys deepening ties with public markets. The company announced Wednesday that it had finalized a previously announced business combination with Vine Hill Capital Investment Corp., resulting in the formation of a new holding entity, CoinShares PLC. The combined company begins trading on the Nasdaq on Wednesday under the ticker symbol CSHR. The transaction, first unveiled in September, values CoinShares at approximately $1.2 billion and includes a $50 million capital commitment from institutional investors. Although the Nasdaq debut marks CoinShares entry into US public markets, the company was already publicly traded in Europe prior to the listing. A US listing aims to attract institutional capital, wider analyst coverage and increased visibility, while positioning CoinShares to expand its footprint in the worlds largest financial market. The move also comes as the regulatory backdrop for digital assets in the United States continues to evolve. CoinShares manages more than $6 billion in assets and is one of Europes largest crypto-focused investment firms. It is best known for its crypto exchange-traded products (ETPs), which are listed on European exchanges. Source: Eric
