CoinShares Bitcoin ETF (BRRR) Intangibles (2024 - 2026)
CoinShares Bitcoin ETF's (BRRR) quarterly Intangibles came in at $429.8 million in Q1 2026, down 10.53% year-over-year from $480.4 million in Q1 2025, and down 14.97% quarter-over-quarter from $505.5 million in Q4 2025.
Analysis
CoinShares Bitcoin ETF (BRRR) Intangibles (2024 - 2026) Analysis & Trends
CoinShares Bitcoin ETF has disclosed Intangibles across 3 years of filings, most recently posting $429.8 million for Q1 2026.
- In Q1 2026, Intangibles fell 10.53% year-over-year to $429.8 million; the TTM figure through Mar 2026 stood at $429.8 million (down 10.53% YoY), while the FY2025 annual figure was $505.5 million, down 38.83% from the prior year.
- Intangibles came in at $429.8 million for Q1 2026 at CoinShares Bitcoin ETF, down from $505.5 million in the prior quarter.
- In the past five years, Intangibles ranged from a high of $826.3 million in Q4 2024 to a low of $429.8 million in Q1 2026.
- Average Intangibles over 3 years is $573.6 million, with a median of $505.5 million recorded in 2025.
- Year-over-year, Intangibles tumbled 38.83% in 2025 and retreated 10.53% in 2026.
- Over 3 years, Intangibles stood at $826.3 million in 2024, then sank by 38.83% to $505.5 million in 2025, then decreased by 14.97% to $429.8 million in 2026.
- Per Business Quant data, the three most recent Intangibles figures were $429.8 million in Q1 2026, $505.5 million in Q4 2025, and $625.9 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 27.42 Bn |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | - |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | - |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | - |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 1.26 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 4.02 Bn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | 3.91 Bn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 1.58 Bn |
| 10 | CoinShares Bitcoin ETF | 477.13 Mn | 148.79 Mn | - | 429.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 429.82 Mn |
| Dec 31, 2025 | 505.49 Mn |
| Jun 30, 2025 | 625.91 Mn |
| Mar 31, 2025 | 480.38 Mn |
| Dec 31, 2024 | 826.31 Mn |