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.
行業巨頭Grayscale背後的投資公司數字貨幣集團（DCG）報告稱，第一季度表現強勁，總收入增長了11％，達到2.29億美元。
What Happened: This positive performance comes despite ongoing challenges faced by Grayscale's flagship product, the Grayscale Bitcoin Trust (OTC:GBTC), Coindesk reported.
發生了什麼：據Coindesk報道，儘管Grayscale的旗艦產品Grayscale比特幣信託基金（場外交易代碼：GBTC）面臨持續的挑戰，但還是出現了這種積極的表現。
"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在給股東的一封信中說：“2024年第一季度我們的行業取得了幾項令人興奮的進展，” 他強調了期待已久的比特幣ETF的批准和比特幣價格的飆升。“在這種背景下，我們很高興展示DCG今年的良好開端。”
Grayscale Holds Steady Despite Outflows
儘管資金流出，灰度仍保持穩定
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爲公司的總收入貢獻了1.56億美元。即使在GBTC大量流出的情況下，這一數字與上一季度相比仍然相對持平。
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.
一月份將GBTC轉換爲現貨ETF，這爲費用較低的競爭打開了大門，導致一些投資者將其持股轉移到其他地方。
"While Grayscale expected outflows alongside increased competition under the ETF wrapper, Q1 revenue attributable to GBTC nevertheless exceeded our expectations," the company stated.
該公司表示：“儘管Grayscale預計ETF會出現資金外流，競爭將加劇，但歸因於GBTC的第一季度收入仍然超出了我們的預期。”
Also Read: Bitcoin Spot ETFs Collect $11.29M Net Inflows On Thursday
另請閱讀：比特幣現貨ETF週四淨流入1129萬美元
The Future Of Grayscale
灰度的未來
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子公司描繪了一幅更光明的畫面。加密貨幣礦池Foundry和全球投資平台Luno報告稱，收入分別增長了35％和46％。
The question remains: can Grayscale weather the storm?
問題仍然存在：Grayscale 能否度過難關？
The company acknowledged the need to adjust its fees but has yet to implement those changes.
該公司承認需要調整費用，但尚未實施這些變革。
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.
爲了保持競爭力，Grayscale已申請了新的比特幣ETF，其費用結構要低得多，但仍在等待美國證券交易委員會的批准。
Looking Ahead: Benzinga's Future Of Digital Assets Event
展望未來：Benzinga的數字資產未來活動
The future of Grayscale and the broader digital asset industry will undoubtedly be a hot topic at upcoming industry events.
在即將舉行的行業活動中，Grayscale和更廣泛的數字資產行業的未來無疑將成爲熱門話題。
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將於11月19日舉行的數字資產未來會議就是這樣一個平台，主要參與者將齊聚一堂，討論加密領域的最新趨勢、監管和投資機會。