Digital Currency Group (DCG) has reported a 51% YoY revenue increase to $229 million in Q1 2024, driven by the recovery of crypto markets. Despite $17.4 billion in outflows from its Bitcoin fund since its conversion to an ETF in January, Grayscale's revenue remained steady at $156 million. This was due to rising asset prices offsetting losses in assets under management. Other DCG businesses also saw revenue growth, with crypto mining pool Foundry's revenue increasing 35% to $51 million and investing platform Luno's revenue soaring 46% to $16 million. However, DCG is currently facing regulatory challenges in the US, with the NYAG expanding a fraud lawsuit against the company.