In the first half of 2024, 21Shares reported a revenue of $45.9 million. This figure more than doubles the previous year's revenue of $18.3 million, as stated in the company's semi-annual report.

The company generates its revenue from Verwaltungsgebühren and Staking Rewards.

Key events mentioned by the company include the approval of spot ETFs for cryptocurrencies in the U.S. this spring and the Bitcoin «halfing».

The company reported a profit of $42,191 for the half-year period, compared to $17,189 in the same period last year.

Increase in Assets Under Management

«In the first half of the year, we have seen a further increase ‹Net New Assets› (NNA),» the report states. The rising prices of the underlying cryptocurrencies compared to the previous year also had a positive impact. As of mid-year, assets under management rose to $3.4 billion from $2.4 billion at the end of 2023.

Management is optimistic about the second half of the year. So far this year, they have launched three new Exchange Traded Products (ETPs) and anticipate «a strong second half».