The post Grayscale Opens Another Surprise Altcoin to Exclusive Investors appeared on BitcoinEthereumNews.com.

Grayscale Investments has officially opened the Grayscale Chainlink Trust (LINK Trust) to qualified investors, providing exposure to Chainlink (LINK) through a regulated security structure. This move will allow investors to own LINK indirectly, bypassing the complexities of purchasing, storing, and managing the token directly. As of December 12, 2024, Grayscale LINK Trust reported net asset value per share of $111.91 and assets under management (AUM) of $30,468,812. According to Grayscale’s website, the Chainlink Trust represents one of the first securities to invest specifically and passively in LINK. Shares of the trust are structured to track the market price of LINK, net of fees and expenses, and offer a simplified investment path. Chainlink is the native cryptocurrency of the Chainlink Network, a decentralized oracle platform built on Ethereum. The Chainlink Network facilitates data sharing between off-chain systems and on-chain decentralized applications (dApps). Chainlink’s ERC-677 token standard provides compatibility with Ethereum’s infrastructure, further improving its integration into the broader blockchain ecosystem. Recently, the LINK price has indeed made a significant progress and is trading at $27.81 at the time of writing. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/grayscale-opens-another-surprise-altcoin-to-exclusive-investors/

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Filed under: News - @ December 13, 2024 9:21 pm