Crypto investment firm Grayscale rakes in $330 million this year

Bitcoin prices continue to drag lower this year as retail interest fizzles. But institutional investors seem to be picking up that slack, and led the world’s largest digital currency investment firm to notch record inflows this year.

New York- based Grayscale, a subsidiary of Digital Currency Group, brought in $81.1 million in total investments for the third quarter, according to a company report published Thursday. The 33 percent uptick from the previous three months brings Grayscale’s inflows for the year to $330 million, its strongest year-to-date total since the firm started five years ago. At this time last year, the firm had raised a total $25.4 million by comparison. The firm now has $1.5 billion in customer assets.

“Bitcoin prices doing nothing but go down the entire year has not deterred our existing clients from putting more capital to…