{"id":80824,"date":"2023-06-27T14:53:35","date_gmt":"2023-06-27T11:53:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80824"},"modified":"2025-09-11T19:19:36","modified_gmt":"2025-09-11T16:19:36","slug":"grayscales-flagship-crypto-trusts-reach-annual-revenue-peak","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/grayscales-flagship-crypto-trusts-reach-annual-revenue-peak\/","title":{"rendered":"Grayscale’s flagship crypto trusts reach annual revenue peak"},"content":{"rendered":"

The revenues of Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) in June totaled about $44.13 million. The last time the figure reached similar levels was in May 2022.<\/p>\n

\\\"Snimok-ekrana-2023-06-27-v-14.16.28\\\"
Grayscale revenue from GBTC and ETHE. Data: The Block<\/a>.<\/figcaption><\/figure>\n

Inflows from GBTC reached $32.24 million, and from ETHE $11.89 million. At the time of writing, their AUM<\/span> \u0441\u043e\u0441\u0442\u0430\u0432\u043b\u044f\u044e\u0442<\/a> $18.94 billion and $5.56 billion, respectively.<\/p>\n

Meanwhile, the gap between the bitcoin trust’s trading price and its net asset value (NAV) recovered to levels of 31.32%. The discount on GBTC began forming as early as 2021 amid Barry Silbert stepping down as CEO<\/a>.<\/p>\n

\\\"Snimok-ekrana-2023-06-27-v-14.30.12\\\"
GBTC premium\/discount to NAV dynamics. Data: The Block<\/a>.<\/figcaption><\/figure>\n

The management fee for GBTC is 2% per year, and ETHE 2.5%.<\/p>\n

In June, Grayscale Bitcoin Trust trading volume rose 400% \u2014 from $16.1 million to $80 million. The market reacted to BlackRock application<\/a> to the United States Securities and Exchange Commission (SEC) to create a Bitcoin-ETF<\/a>.<\/p>\n

In October 2021, Grayscale sent a similar request<\/a>. On December 17, the regulator delayed<\/a> a decision on the petition to February 2022. On June 30, Grayscale filed suit against the SEC<\/a> after a negative response.<\/p>\n

In March, Grayscale chief Michael Sonnenshein said<\/a> that transforming the bitcoin trust into an ETF was the top priority.<\/p>\n

Grayscale also suggested that the Commission violated the law<\/a> in approving futures-based ETFs tied to the first cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"

The revenues of Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) in June totaled about $44.13 million. The last time the figure reached similar levels was in May 2022.<\/p>\n","protected":false},"author":1,"featured_media":80825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[943,1211],"class_list":["post-80824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-grayscale-investments","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=80824"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80824\/revisions"}],"predecessor-version":[{"id":80826,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80824\/revisions\/80826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80825"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}