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Fees 30d$18.06m
Fees 30d by chain
Off Chain$18.06m
Fees 7d$4.11m
Off Chain$4.11m
Fees 24h$585,799
Off Chain$585,799
Cumulative Fees$187.6m
Off Chain$187.6m
Revenue 30d$18.06m
Revenue 30d by chain
Off Chain$18.06m
Revenue 7d$4.11m
Off Chain$4.11m
Revenue 24h$585,799
Off Chain$585,799
Cumulative Revenue$187.6m
Off Chain$187.6m
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) | $9.62m | $9.62m |
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 $18.06m in fees. Of that, $18.06m was protocol revenue. Based on the trailing year, the annualized rate is $223.08m in fees and $223.08m in revenue.
How does Grayscale's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Grayscale ranks #154 by TVL. The category holds $4.047b across 173 protocols, and Grayscale accounts for 0% of that total. Other leading protocols include Ethena USDtb, Re, Huma, Anemoy Capital, OnRe, USD AI, OpenTrade, Plume Vaults, R25, and RealT Tokens.