Grayscale's Chainlink Trust, a digital asset investment product, has seen record highs as its GLINK premium rate increases by 223.86%.
Other Grayscale trusts for cryptocurrencies Solana, Filecoin, and Stellar have also reached record highs with premium rate increases of 630.82%, 1016.63%, and 122.76%, respectively.
GLINK's premium rate surge coincides with a record trading volume of 20,102 GLINK on November 9.
Grayscale's GSOL, GXLM, FILG have also experienced large positive premiums, but they are under $10 million in assets under management.
GLINK's price, known as the secondary price, is trading at $44.1 while LINK's primary price is $13.62 on November 8.
Grayscale's Chainlink Trust holds 300.07K LINK and allows investors to gain exposure to LINK's price without directly buying, storing, and trading the cryptocurrency.
Grayscale has a total of 14 trusts for different cryptocurrencies, including Bitcoin and Ethereum, and is currently awaiting a verdict on its application for a Bitcoin spot ETF with the U.S. SEC.