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Breaking news: Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Bitcoin Revenue in April Represents $3B a Year, ETC Group Says

ETC's first industry report also shows second-quarter Ethereum transaction volume increased more than 2,000%.

Aug 12, 2021 at 10:39 a.m. UTC
Updated Sep 14, 2021 at 1:39 p.m. UTC

ETC Group, which in June launched the first bitcoin exchange-traded product (ETP) in the U.K., said the cryptocurrency generated an annualized $3 billion of revenue for miners in April.

  • ETC's first report on the industry also shows transaction volumes on Ethereum increased more than 2,000% in the second quarter to $777.1 billion, up from $36.1 billion a year before, the company said.
  • Volumes on the decentralized exchange surged to $283.8 billion from $3.4 billion.
  • The bitcoin revenue figure is calculated from transaction fees on the network.

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