Coinfeeds Daily → Grayscale Chainlink Trust Sees Unprecedented Premium, LINK Tokens Gain Traction

Grayscale Chainlink Trust Sees Unprecedented Premium, LINK Tokens Gain Traction

Published: Nov 08, 2023 | Last Updated: Mar 17, 2024
Howard Kane

Institutional demand for LINK surges as Grayscale Chainlink Trust trades at a 200% premium, while LINK tokens perform exceptionally well with a surge of over 76%

Grayscale Chainlink Trust Sees Unprecedented Premium

The Grayscale Chainlink Trust, a regulated investment product that provides U.S. investors with exposure to Chainlink's native token, LINK, is currently trading at a 200% premium to spot prices. This is the highest premium ever recorded for the trust, indicating a significant increase in institutional demand for LINK.

In the past week alone, the prices of the trust have surged nearly 100%, reaching $39 per share. The trust, which holds just under $4 million worth of LINK, charges an annual fee of 2.50%.

LINK Tokens Gain Traction

LINK tokens have been performing exceptionally well in recent weeks, with a surge of over 76%. This uptick is largely attributed to technical upgrades and increasing institutional adoption. The Grayscale Chainlink Trust offers investors regulatory safety, financial transparency, and exposure to Chainlink's technology, making it an appealing option for institutional investors looking for secure entry points into the cryptocurrency market.

Tokenization of Real-World Assets

Some research firms are considering LINK as the "safest bet" for profiting from the tokenization of real-world assets. The tokenization process involves converting rights to an asset into a digital token on a blockchain. This process is gaining popularity as it offers a way to create a digital representation of an asset, which can be easily traded and transferred.


The surge in the Grayscale Chainlink Trust's premium indicates a growing institutional interest in LINK tokens. This, coupled with the strong performance of LINK tokens, suggests that Chainlink's technology and the broader trend of asset tokenization are gaining traction among institutional investors. As the cryptocurrency market continues to mature, regulated products like the Grayscale Chainlink Trust could play a crucial role in driving further institutional adoption.

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