Grayscale’s revenue from Bitcoin (BTC) and Ethereum (ETH) funds in July was announced as $ 41.92 million.
Publishing data for the past month, Grayscale came to the fore with BTC and ETH statistics. Stating its BTC and ETH revenue in July as $41.92 million, the company increased its total revenue to $278 million. Continuing to back the Digital Currency Group, Grayscale seems to have effectively benefited from the performance of cryptocurrencies in July.
Volatility in July helped Grayscale
There was a lot of positive news about the crypto industry in the past month. ETF news and developments regarding the SEC-Ripple case were the clearest examples of this. With the effect of these news, BTC, which has made a hard move upwards many times, offered various opportunities for investors in crypto trading.
Increasing its revenue to a great extent in line with these opportunities and the volatile market, Grayscale announced its monthly income only from BTC and ETH as $ 41.9 million. In short, Grayscale integrated the mobility created by the fundamental analysis in July into its trading operations.
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