Digital Currency Group Sees Revenue Rise Despite Grayscale Struggles
Digital Currency Group Sees Revenue Rise Despite Grayscale Struggles
Digital Currency Group (DCG), the investment firm behind industry giant Grayscale, reported a strong first quarter with overall revenue climbing 11% to $229 million.
行业巨头Grayscale背后的投资公司数字货币集团（DCG）报告称，第一季度表现强劲，总收入增长了11％，达到2.29亿美元。
What Happened: This positive performance comes despite ongoing challenges faced by Grayscale's flagship product, the Grayscale Bitcoin Trust (OTC:GBTC), Coindesk reported.
发生了什么：据Coindesk报道，尽管Grayscale的旗舰产品Grayscale比特币信托基金（场外交易代码：GBTC）面临持续的挑战，但还是出现了这种积极的表现。
"The first quarter of 2024 was marked by several exciting developments for our industry," DCG said in a letter to shareholders, highlighting the approval of the long-awaited Bitcoin ETF and the surge in Bitcoin prices. "Against this backdrop, we are pleased to showcase a strong start to the year for DCG."
DCG在给股东的一封信中说：“2024年第一季度我们的行业取得了几项令人兴奋的进展，” 他强调了期待已久的比特币ETF的批准和比特币价格的飙升。“在这种背景下，我们很高兴展示DCG今年的良好开端。”
Grayscale Holds Steady Despite Outflows
尽管资金流出，灰度仍保持稳定
Grayscale, a subsidiary of DCG, contributed $156 million to the company's overall revenue. This figure remained relatively flat compared to the previous quarter, even amidst significant outflows from GBTC.
DCG的子公司Grayscale为公司的总收入贡献了1.56亿美元。即使在GBTC大量流出的情况下，这一数字与上一季度相比仍然相对持平。
The conversion of GBTC into a spot ETF in January opened the door for competition with lower fees, leading some investors to move their holdings elsewhere.
一月份将GBTC转换为现货ETF，这为费用较低的竞争打开了大门，导致一些投资者将其持股转移到其他地方。
"While Grayscale expected outflows alongside increased competition under the ETF wrapper, Q1 revenue attributable to GBTC nevertheless exceeded our expectations," the company stated.
该公司表示：“尽管Grayscale预计ETF会出现资金外流，竞争将加剧，但归因于GBTC的第一季度收入仍然超出了我们的预期。”
Also Read: Bitcoin Spot ETFs Collect $11.29M Net Inflows On Thursday
另请阅读：比特币现货ETF周四净流入1129万美元
The Future Of Grayscale
灰度的未来
Other DCG subsidiaries, however, painted a brighter picture. The cryptocurrency mining pool Foundry and the global investment platform Luno reported impressive revenue increases of 35% and 46%, respectively.
但是，其他DCG子公司描绘了一幅更光明的画面。加密货币矿池Foundry和全球投资平台Luno报告称，收入分别增长了35％和46％。
The question remains: can Grayscale weather the storm?
问题仍然存在：Grayscale 能否度过难关？
The company acknowledged the need to adjust its fees but has yet to implement those changes.
该公司承认需要调整费用，但尚未实施这些变革。
To stay competitive, Grayscale has filed for a new Bitcoin ETF with a significantly lower fee structure, but its approval by the SEC is still pending.
为了保持竞争力，Grayscale已申请了新的比特币ETF，其费用结构要低得多，但仍在等待美国证券交易委员会的批准。
Looking Ahead: Benzinga's Future Of Digital Assets Event
展望未来：Benzinga的数字资产未来活动
The future of Grayscale and the broader digital asset industry will undoubtedly be a hot topic at upcoming industry events.
在即将举行的行业活动中，Grayscale和更广泛的数字资产行业的未来无疑将成为热门话题。
Benzinga's Future of Digital Assets conference, happening on Nov. 19, is one such platform where key players will gather to discuss the latest trends, regulations, and investment opportunities in the crypto space.
Benzinga将于11月19日举行的数字资产未来会议就是这样一个平台，主要参与者将齐聚一堂，讨论加密领域的最新趋势、监管和投资机会。