May 28, 2024

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Grayscale Maintains Steady Revenue Despite Massive GBTC Outflows in Q1

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Grayscale Maintains Steady Revenue Despite Massive GBTC Outflows in Q1
Grayscale Maintains Steady Revenue Despite Massive GBTC Outflows in Q1Grayscale Investments maintained stable revenue in the first quarter despite substantial outflows from the Grayscale Bitcoin Trust (GBTC), its converted spot bitcoin exchange-traded fund (ETF). The firm reported $156 million in revenue, little change from the previous quarter, as stated in a shareholder letter from Digital Currency Group (DCG), its parent company. The conversion of […]