Ask about Grayscale · freeKey Metrics
Fees 30d$17.8m
Fees 30d by chain
Off Chain$17.8m
Fees 7d$4.03m
Off Chain$4.03m
Fees 24h$560,841
Off Chain$560,841
Cumulative Fees$193.95m
Off Chain$193.95m
Revenue 30d$17.8m
Revenue 30d by chain
Off Chain$17.8m
Revenue 7d$4.03m
Off Chain$4.03m
Revenue 24h$560,841
Off Chain$560,841
Cumulative Revenue$193.95m
Off Chain$193.95m
Protocol Information
Grayscale is a crypto-focused asset manager
Sub Category: Stocks & ETFs
Methodology
Fees: Management fees paid by ETP holdersView code on GitHubRevenue: All the fees are revenueView code on GitHubCompetitors
Grayscale history
Fees and revenue by UTC calendar month, Dec 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Dec 2025 | $14.81m | $14.81m |
| Jan 2026 | $25.98m | $25.98m |
| Feb 2026 | $16.85m | $16.85m |
| Mar 2026 | $18.55m | $18.55m |
| Apr 2026 | $18.74m | $18.74m |
| May 2026 | $19.72m | $19.72m |
| Jun 2026 | $14.89m | $14.89m |
| Jul 2026 | $14.78m | $14.78m |
| Aug 2026 | $15.9m | $15.9m |
| Sep 2026 | $17.77m | $17.77m |
| Oct 2026 (to date) | $16.52m | $16.52m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/grayscale
Frequently asked questions
What chains does Grayscale operate on?
Grayscale operates on Off Chain.
How much has Grayscale generated in fees and revenue?
Over the past 30 days, Grayscale generated $17.8m in fees. Of that, $17.8m was protocol revenue. Based on the trailing year, the annualized rate is $222.61m in fees and $222.61m in revenue.
How does Grayscale's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Grayscale ranks #157 by TVL. The category holds $4.116b across 176 protocols, and Grayscale accounts for 0% of that total. Similar protocols include Ethena USDtb, Re, Huma, OnRe, Anemoy Capital, USD AI, OpenTrade, Plume Vaults, R25, and RealT Tokens.