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Fees 30d$18.08m
Fees 30d by chain
Off Chain$18.08m
Fees 7d$4.06m
Off Chain$4.06m
Fees 24h$595,974
Off Chain$595,974
Cumulative Fees$191.09m
Off Chain$191.09m
Revenue 30d$18.08m
Revenue 30d by chain
Off Chain$18.08m
Revenue 7d$4.06m
Off Chain$4.06m
Revenue 24h$595,974
Off Chain$595,974
Cumulative Revenue$191.09m
Off Chain$191.09m
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) | $13.11m | $13.11m |
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 $18.08m in fees. Of that, $18.08m was protocol revenue. Based on the trailing year, the annualized rate is $222.86m in fees and $222.86m 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 $4.004b across 173 protocols, and Grayscale accounts for 0% of that total. Similar protocols include Ethena USDtb, Re, Huma, Anemoy Capital, OnRe, USD AI, OpenTrade, Plume Vaults, R25, and RealT Tokens.