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European crypto ETN and ETP report: Thursday, June 9

Most crypto investment vehicles in Europe traded marginally down on Thursday, while others bucked the trend.  21Shares Cardano ETP was the worst performer on our list for June 9, trading at $12.89 — representing a daily loss of 1.55%. Other notable drops were 21Shares Ripple XRP ETP, down 0.83%, and BTCetc ETC Group’s Physical Bitcoin ETN, which lost 0.62% on Thursday.  Elsewhere, 21Shares Tezos ETP was the best performer, gaining 4.99% to close at $12.20. VanEck’s Solana ETN also closed …

European crypto ETN and ETP report: Wednesday, June 8

Most of the major European crypto investment vehicles closed up on Wednesday, with some products seeing a higher degree of outperformance.  21Shares’ Cardano ETP rose the most, up 4.16% at the close. VanEck’s Tron (TRX) was the worst performer on The Block’s list, closing down -0.36% on Wednesday.  Here is a brief look at how some of the major European crypto investment vehicles performed on Wednesday, June 8: As this is the first daily report on ETP and ETN performance in …

CoinShares reports drop in earnings amid crypto market slump

European digital asset manager CoinShares reported declining first-quarter profit as trading revenue sank. Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) fell to £18.7 million ($23 million), down from £34.2 million a year earlier, according to a statement on Tuesday. Income from capital markets tumbled 55% as revenue from so-called delta neutral options trading strategies almost evaporated. The decline was offset by more than £6 million in income from decentralized finance (DeFi).  “While the market conditions of Q1 2021 …