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  • Blockchain Timeline

Grayscale reported positive Q1 revenue despite heavy outflows

Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported Q1 revenue of $229 million up 11% MoM and 51% versus the same period last year.


Grayscale accounted for $150 million of the group's Q1 revenue. Despite the heavy outflows, GBTC was about flat thanks to the rise in Bitcoin and Ethereum prices compared to Q1 2023. The group's two other ventures, crypto mining pool Foundry and investing platform Luno, saw revenue increases of 35% and 46%, respectively.

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