What is meant by “Grayscale Chainlink Trust” and is it an investment fund like “GBTC”
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Answer What is meant by “Grayscale Chainlink Trust” and is it an investment fund like “GBTC”
A mysterious file of a Delaware-based company has raised suspicions that the “Grayscale” company, which invests in cryptocurrencies, is about to allocate an institutional investment fund for the digital currency LINK of the “Chainlink” crypto project.
Something called a “Grayscale Chainlink Trust” was established last month in Delaware, according to the state’s division of corporations.
Although the name is certainly similar to the names of other large investment funds in the company “Grayscale” such as:
Grayscale Bitcoin Trust, Grayscale Ethereum Trust.
However, there is no guarantee that the new Grayscale Chainlink Trust is a subsidiary of Grayscale.
A quick search for “Grayscale” on the “Division of Corporations” website reveals several other similar entries, including the “Grayscale Decentraland Trust,” which refers to the “metaverse Decentraland” crypto project platform and its digital currency, “MANA,” as well as “Grayscale Basic Attention Token Trust”, which may or may not be linked to the “Basic Attention” crypto project and its digital currency “BAT”.
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Grayscale declined to comment, as did Chainlink project management.
Grayscale manages more than $27 billion in cryptocurrency, most of it in the Grayscale Bitcoin Trust, an investment vehicle based roughly on the price of bitcoin.
The company offers eight other investment funds related to cryptocurrencies, such as: Stellar, Ethereum and Litecoin…
Grayscale had a Ripple investment fund but it was abandoned in the wake of the SEC lawsuit against Ripple.
Grayscale has made headlines over the past few months as its institutional investment in the crypto market has increased.
Grayscale started 2020 with just $2 billion in management, and has seen massive growth over the past few months.
Grayscale Chainlink Fund (LINK)
Filed December 18, 2020 as a Delaware Local Statutory Trust
Is it real or just a detailed learp? Only time will provehttps://t.co/ej4bYWysYz#chain link $ . link pic.twitter.com/bLZP5Jnwvw
– ChainLinkGod.eth (@ChainLinkGod) Jan 21 2021
It is worth noting that there is no official confirmation until now if the “Grayscale” company is preparing to allocate an investment fund for the currency of LINK.
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Read also:
What is GBTC stock? How does investment firm Grayscale absorb bitcoin?
How much is the Bitcoin supply that hasn’t moved for 10 years?
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