Grayscale Investments appears to have incorporated a Chainlink (LINK) fund
- The company has not specifically stated its intention to enter into other altcoins for its publicly marketed products.
- Other small and mid-cap altcoin funds have also been incorporated.
- The Trust Project is an international consortium of media organisations based on transparency standards.
Grayscale Investments appears to have set up a Chainlink (LINK) fund, as well as funds for other smaller-cap altcoins. Are there others on the horizon?
Grayscale Investments has been one of the strongest voices in cryptomony. It is also one of the first companies to offer exposure to crypto to institutional investors.
The company is a strong supporter of cryptomoney. It has previously stated that Ethereum is of great interest to its clients. Could this be the Bitcoin Hero beginning of the institutional incursion into altcoins?
We would be very happy if Grayscale would allow its clients to invest in Chainlink (LINK).
According to the State of Delaware, Grayscale’s altcoin funds are growing in secret
Documents available on the State of Delaware’s Corporate Division show several of Grayscale’s products that are not open to the public or listed on its website.
Perhaps the most notable of these is the Chainlink (LINK) Trust. The LINK has been one of the most popular and fastest growing cryptosystems. Last year, the currency made headlines with its epic rise. It also claims to have more than 300 major partnerships.
A Grayscale Chainlink Trust could be seen as a huge vote of confidence in LINK and altcoins in general. The more publicly listed entities exposed to altcoins, the more the public will understand the power of these technologies.
It should be noted that the incorporation of an entity does not necessarily mean that Grayscale has already accumulated LINK or that it is buying LINK during the current price decline.
The documents on the Delaware site only indicate the existence of a fund. What is inside the fund remains unknown, and the link between Grayscale and this fund is speculative at best.
It is not only Chainlink
However, the list of Grayscale funds on the Delaware Company Ranking site is not limited to Chainlink. In addition to the products advertised on the Grayscale site, several new funds have filed at the end of last year. These have not yet been published on the Grayscale site.
These include flagship cryptocurrencies such as Filecoin (FIL) and Decentraland (MANA). These two tokens have gained popularity in 2020, and Filecoin has launched a huge network.
Surprisingly, some medium and small-cap Altcoins are also on the list, such as Livepeer (LPT) and Horizen (ZEN).