Cindy, I had a huge ganglion cyst on the top side of my wrist removed in my teens. Went straight to surgery without trying aspiration. Honestly, if I had to do it over again, I probably would avoid the surgery and pursued frequent aspiration...not because of the surgery, but I think it took 2 years before I had complete mobility again (mine was right where the hand meets the wrist.
But to your question: can cycling cause this? To my understanding, "yes" it could contribute. Mine erupted following a bad bout of bersitis following a bad fall (kid stuff). I understand that a restriction on the internal flow of fluids contributes to the creation of this type of cyst.
Based on this, I agree with tulip that it might be as simple as "loosening up" on the grip or frequently stretching out your fingers during a ride. I also wear heavily padded gloves because of nerve issues.
I'm not a medical professional...this is just my humble opinion based on my experience.
Silver's had one on the bottom of her wrist aspirated many times...I think it finally went away...silver?
If you don't grow where you're planted, you'll never BLOOM - Will Rogers