Coinshares (CSHR · NASDAQ)
FinancialsInvestment FundsNASDAQ
Leveraged play on Bitcoin
Europe’s leading crypto ETP platform with a high-margin, multi-revenue model and U.S. expansion upside
Market Cap
Avg Volume
Price
P/E Ratio
Pricing delayed 20 minutes Nov 11, 2026, 9:00 PM
Bull case for Coinshares
High-Margin, Multi-Stream Model
Diversified revenues protect profits even in weak crypto price environments.
U.S. Optionality on the Horizon
U.S. listing ambitions + improving policy = long-term re-rating potential.
Europe’s Crypto ETF First Mover
Dominant share of inflows, first-mover edge, strong partnerships like BoursoBank.
Bear case for Coinshares
AUM Volatility
Crypto price drops can cut AUM and fee revenue quickly.
Platform Reliance on Bitcoin
Overexposed to BTC; limited diversification in volatile alt seasons.
Regulatory Uncertainty
Changing rules in the U.S. or EU could delay listing or hit operations.