Grayscale Chainlink Trust, the regulated fund of asset management company Grayscale, is trading at a premium of almost three times.
Shares of the fund created by Grayscale for LINK rose above LINK’s price in the spot market. With a 200% premium selling.
Grayscale Chainlink Trust (GLNK) on October 31 from $21 experienced an almost 100% growth in one week while trading and from $39 It closed. Each one only GLNK corresponding to $12 LINK shares from the spot market about three times more expensive.
This product, which Grayscale launched in May 2022, is generally With premiums exceeding 20% is being traded. This rate is several times If it climbs up to 150% It has never reached such a high level before.
Chainlink Community Ambassador ChainLinkGod.eth said, “Although the assets under management of GLNK are only valued at around $4 million The demand has increased so much for a product aimed at institutional investors. Interesting to see.” said.
At the beginning of last month, Chainlink developers developed a product called “Data Streaming” to reduce network delays. LINK has shown in the last 30 days With an increase of 84.2% became one of the best performers in the market.