Ask about Grayscale · freeKey Metrics
Fees 30d$17.22m
Fees 30d by chain
Off Chain$17.22m
Fees 7d$3.82m
Off Chain$3.82m
Fees 24h$560,725
Off Chain$560,725
Cumulative Fees$198.9m
Off Chain$198.9m
Revenue 30d$17.22m
Revenue 30d by chain
Off Chain$17.22m
Revenue 7d$3.82m
Off Chain$3.82m
Revenue 24h$560,725
Off Chain$560,725
Cumulative Revenue$198.9m
Off Chain$198.9m
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 Nov 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 | $18.21m | $18.21m |
| Nov 2026 (to date) | $3.27m | $3.27m |
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 $17.22m in fees. Of that, $17.22m was protocol revenue. Based on the trailing year, the annualized rate is $222.02m in fees and $222.02m in revenue.
How does Grayscale's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Grayscale ranks #156 by TVL. The category holds $3.727b across 178 protocols, and Grayscale accounts for 0% of that total. Similar protocols include Re, Ethena USDtb, Huma, OnRe, OpenTrade, Plume Vaults, R25, USD AI, RealT Tokens, and Theo Network thUSD.