🔥🔥Grayscale Opens $30 Million Altcoin Fund to Institutional Investors 🔥🔥

Cryptocurrency management company Grayscale Investments has introduced the Grayscale Chainlink Trust, a regulated investment vehicle for institutional investors in Chainlink (LINK).$LINK

The $30 million investment vehicle allows investors to passively invest by eliminating the responsibility of directly holding or managing their LINK tokens.

Grayscale Chainlink Trust is traded on the OTC Markets Group under the ticker "GLNK" and allows investors to purchase the product through traditional brokerage accounts. The product aims to reflect the market price of LINK in line with the CoinDesk Chainlink Price Index (LNX). LNX provides the current USD price of LINK with real-time price data from different exchange platforms.

Management Fees and Investment Conditions

Grayscale charges a 2.5 percent management fee for the Chainlink Trust, but does not charge any additional fees based on distribution or performance. While the Trust does not pay regular dividends, it is noted that its interest in LINK-based financial products is increasing.

The Grayscale Chainlink Trust was first established on February 26, 2021, and began trading on OTC markets on May 19, 2022. Although the product aims to track the market price of LINK, the Trust's shares can often trade at higher or lower prices than the net value of its assets.

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