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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.