Grayscale Investments announces the launch of the “Grayscale Chainlink Trust,” designed to give institutional investors the possibility to take part in Chainlink (LINK) through a regulated security. This trust passively invests in LINK thus taking out the burden that come along with holding or managing the cryptocy directly. The Grayscale Chainlink Trust follows the CoinDesk Chainlink Price Index (LNX), which gives a price in USD for LINK’s current price. This index brings together real-time prices from different trading platforms.
Moreover, the Trust is listed as “GLNK” on OTC Markets Group and allows investors to purchase shares through normal brokerage accounts. According to Grayscale, this investment product is meant to track the market price of LINK while netting fees and costs. But shares have typically been sold for more or less the value of the assets held by the Trust.
The Trust was initially established on February 26, 2021, and began trading on OTC Markets on May 19, 2022. Grayscale charges a 2.5% management fee for the product, with no distribution or performance fees. Also, the shares do not pay regular dividends, which matches the rising interest in LINK-based financial products.
The announcement comes a day after a Donald Trump backed project, World Liberty Financial Initiative (WLFI) purchased more than 41,000 LINK tokens for $1 million. Shortly following WLFI’s buy, LINK’s value boomed 20% in value to trade at $28.40. The WLFI investment attracted the attention of big cryptocy investors, with one of them purchasing nearly $5 million worth of LINK at an average price of $28.18.
CoinMarketCap has acquired crypto derivatives analytics platform CoinGlass, combining one of crypto's largest price-tracking platforms…
Quant's QNT token surged after The Clearing House selected Quant to power key technology behind…
NVIDIA has launched its Open Agent Safety Platform, a new open security framework designed to…
Stand With Crypto has announced its first Senate endorsements of the 2026 election cycle, backing…
President Donald Trump and leaders from some of the world's largest AI and technology companies…
Dogecoin is getting a major utility upgrade as DogeOS launches a public testnet designed to…