Institutional Investors Are in Love With Bitcoin, Grayscale Report Reveals103.15

In its recent Digital Asset Investment Report, Grayscale Investments LLC, an investment company that specializes in cryptocurrency funds, revealed that it has raised $250 million through new asset investments in this year alone. The investments come despite a slump in the cryptocurrency market’s prices, which has seen bitcoin's price decrease by nearly 50 percent during the same period.

The report came two days before a Bloomberg interview in which Larry Fink, the CEO of BlackRock — one of the largest asset managers in the world — said institutional investors were not interested in cryptocurrency.

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