Grayscale’s July Bitcoin ( BTC) and Ethereum ( ETH) funds were announced as $41.92 million.
Grayscale, which published data for the past month, BTCAnd ETH featured in the 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 SEC -The developments regarding the Ripple case were the clearest examples of this. BTC, which has made a strong upward move many times with the effect of these news, has 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.
