/biz/ - Business & Finance

>>56593308
> Volume: $26

>>56593308
when popo says it, its muhhh popo is retarded but when coindesk says it, its ohh look wow

can someone explain to me why someone would invest in GLNK when they could just buy it directly for 1/3rd of the price?

>>56593412
Yeah, but you're a namefag on biz saying what everyone with a brain already knew.

CoinDesk at least spreads the word to normies and gets some excitement going.

You're a narcissist. Drop the name and enjoy the ride like the rest of us.

>>56593437
tldr; regulations

>>56593437
They view self-custody as a liability and would rather pay a premium to hold Greyscale accountable for protecting their funds.

>>56593453
im not a narcissist bruh

>by Shaurya Malwa
do linkies really?

>>56593479
Then why tripfag on an anonymous Mongolian Poop Smelling board?

>>56593479
I take it back. At least you aren't fudding. Keep on doing what makes you happy anon. <3

>>56593495
1. proof of OG linky
2. show that us OGs are still here
3. linkies trust my posts im not a psyop
4. fuddies seethe to see someone who held 6 years
5. make trannies seethe (you)

>>56593505
thx i love you too, sorry for calling you a tranny

>>56593437
Why do people buy ETF's instead of buying their own stocks? Why do people let brokerages hold their stocks instead of using DRS?

>>56593437
an investment bank can't just spin up metamask and buy link on uniswap, they have to go through layers and layers of securities and insurance and the short of it is that for a large number of players grayscale is their only available legal option

>>56593523
It's ok. See you on the yacht.

>>56593534
makes sense thanks

>>56593345
This, the AUM is like $3 million. There are anons here with more LINK than the whole fund. I don’t even understand why it has a premium like that?

>>56593515
Every fucking Link discussion has some OG Linkie letting the world know they're an OG linkie in some capacity. You don't need to explicitly state it. Your posts are no more valuable or insightful than the rest of us anons. And 75% of the fuddies are already link marines meaning you're being played by them for trying to "own" them or whatever.

You're a narcissist straight up.

>>56593598
it's something like uhh, it's uhh, illegal for uhh, hedge fundo, uhh, tradfi, uh, to hold, the uh, token? Mmm yeah, uh, Larry Silbert isn't a criminal it's just uhh, like, it's a really bullish signal that uhh, GLINK is uh, $40 dollars? uhhh

>>56593515
you already admitted you're a poor fag with less that $1000 in link so saying you're an old fag only makes you more of a loser, you're clearly a narcissist who has to use a name on an anonymous anime forum to feel worth anything

Popo is based.

>>56593308
I didn't buy enuf of those fine links sers..

Like I said in the other thread, filecoin and solana have similarly retarded premiums, on similarly retardedly low AUMs.
As you can see here https://www.otcmarkets.com/stock/GLNK/overview the volume is also very low (pic related)
I'm wondering just who is trading this and what they think they're doing but also it's such a staggeringly little amount of money that it doesn't really matter
maybe someone low-level portfolio manager just wants to tick the "diversified into crypto" box on one of their reports or whatever

>>56593631
Im a 2018 fag and i’ll tell you what i think of them: losers. They really have nothing going for them other than buying LINK.

That said, newfags are fucking cancer and losers too.

The most cancer of all is the oldfags who need handholding non stop. They do this by posting fuds and such hoping to get their nerves calmed by a spoon feed

>>56593495
I’m pooping at work right now

Ahh I did find out something else I was wondering namely if it's even possible to arbitrage this premium away:
>There can be no assurance that the value of the shares of the Trust will reflect the value of the Trust's Chainlink, less the Trust's expenses and other liabilities, and the shares may trade at a substantial premium over, or substantial discount to, such value and the Trust may be unable to meet its investment objective. For as long as the Shares trade at a substantial premium, investors who purchase shares on OTC will pay substantially more for their shares than investors who purchase shares in the private placement. Chainlink per share is updated daily: https://grayscale.com/products/grayscale-chainlink-trust/
Seems like you can buy for the regular price of link (and maybe they add new link then?) in the private placement, and in theory that would be a big arb, but also
>Private Placement is currently closed.
Again of course it's just a few k so probably no institution will bother.

>>56593972
they have to cope somehow because being an "og" and still bagholding means they were too dumb to sell the obvious 2020 btc/eth picotop

when they're forced to measure their old alts in fiat it's always over.

>>56593308
HELLO!!!!!


GraySCALE and Coindesk are the same company retards.


You8 guys are reading an advert. Fuck /BIZ/ is so fucking dumb

>>56593308
theres zero volume