Grayscale parent company DCG's first-quarter revenue reached US$229 million, a year-on-year increase of 51%

According to TechFlow, Grayscale's parent company Digital Currency Group (DCG) had revenue of US$229 million in the first quarter, a year-on-year increase of 51%, while the price of Bitcoin rose by about 134%.

Grayscale had revenue of $156 million, and despite a drop in management fees, there were still redemptions. In addition, Grayscale proposed a new product, the Grayscale Bitcoin Mini Trust ETF, with lower fees, but it has not yet been approved by the SEC.