What Is the ‘Grayscale Chainlink Trust’?

charlielee
2022-10-26 07:31:08

A mysterious filing for a Delaware-based corporate entity has raised suspicions that crypto investment manager Grayscale may be dipping a toe in LINK, the token from decentralized computing network Chainlink.

Something called the “Grayscale Chainlink Trust (LINK)” was incorporated last month in Delaware, according to the state’s Division of Corporations. And while the name definitely resembles those of Grayscale’s other big trusts as registered with the Division of Corporations (Grayscale Bitcoin Trust (BTC), Grayscale Ethereum Trust (ETH), etc.) there’s no guarantee that it’s the same Grayscale behind it, or if it’s even connected to a company named Grayscale at all.

dianasmith
2022-10-26 07:31:42

If there is no concrete evidence that Grayscale is included in the Chainlink division, then we cannot judge that Greyscale is fully involved in Chainlink.
I assume the name Greyscale is just to break all concentration on all the altcoins in order to buy Chainlink coins in various markets.
But if it is true that Greyscale is involved in a Chainlink investment then it is truly extraordinary.