Business
CoinShares Bitcoin ETF is a Delaware statutory trust whose shares represent fractional beneficial interests in the trust's Bitcoin exposure.
CoinShares Bitcoin ETF's FY2025 net result swung to a $49.7M loss as trust equity fell 38.8%, reflecting Bitcoin-exposure volatility rather than a normal operating business.
The read at a glance✓ Audited against SEC data
- Business mix — Spot Bitcoin ETF trustNote
- Revenue — Not a standard revenue issuerNote
- Net income — -$49.7MWatch
- Equity — $505.4M, -38.8%Watch
- Cash flow — Standard rows unavailableNote
- Insiders — 0 purchases / 0 salesNote
- Accounting — Forensic screens unavailableNote
Leadership changes
From CoinShares Bitcoin ETF's own filings, the day they're filed.
- Jared Demark · chief executive officer · departureeff. 2024-09-30
- Leah Wald · chief executive officer · departureeff. 2024-06-14
- Steven McClurg In · chief executive officer · departureeff. 2024-06-14
Latest filings
- 10-Q · Quarterly report2026-08-12
- 10-Q · Quarterly report2026-05-12
- 10-K · Annual report2026-03-10
- 10-Q · Quarterly report2025-11-13
- 10-Q · Quarterly report2025-08-13
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- Main tension🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about CoinShares Bitcoin ETF, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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