Grayscale Chainlink Trust Launch: Grayscale Investments has launched the Grayscale Chainlink Trust to assist institutional investors in accessing Chainlink (LINK). This offers a regulated investment vehicle while alleviating the complexities of cryptocurrency custody.
Pricing and Trading Details: The Grayscale Chainlink Trust tracks LINK’s market price using the CoinDesk Chainlink Price Index. Shares of this trust, trading under the symbol GLNK on OTC Markets, can be purchased through conventional brokerage accounts.
Impact of Recent LINK Purchase: The Trust’s debut follows World Liberty Financial Initiative (WLFI) acquiring over 41,000 LINK tokens for 1 million USD. This purchase caused a 20% rise in LINK’s price to 28.40 USD, boosting its market cap to 17 billion USD.