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File: 54 KB, 1409x567, Screenshot 2023-11-08 at 22-07-39 Grayscale Chainlink Trust.png [View same] [iqdb] [saucenao] [google]
56603409 No.56603409 [Reply] [Original]

Ask yourselves the following:

Why is the Grayscale Chainlink Trust ticker trading at 3x the actual spot price of Chainlink? This would have to mean that institutions are willing to pay a 300% premium on the price to be able to "own" Chainlink in their traditional investment portfolios. What has them so desperate? What are they seeing?

>> No.56603415

They're seeing that $44 is a low price because its worth thousands of dollars

>> No.56603435

There is HUGE institutional demand for GLINK. Despite only having $4.3 million in assets under management, the Grayscale Chainlink Trust in reality has over $50 trillion (estimated) in dark shadow dollars of volume.

>> No.56603457

Probably because they know that shit is a guaranteed 20x

>> No.56603479

Because niggers and jews.

>> No.56603502

It's an illiquid tiny OTC fund, GBTC is 4000x the size and was trading at a 50% discount last year

>> No.56603511
File: 1.52 MB, 2114x2999, f.png [View same] [iqdb] [saucenao] [google]

It's been explained already in Chainlinkgod's Discord. We're not supposed to talk about it here.

>> No.56603536

I don't have a LINK to that shit, what is it?

>> No.56603584

You need to DM him on Twitter for the invite.

>> No.56603588

>It's been explained already in Chainlinkgod's Discord
Sauce? Or at least qrd? I don't use discord.

>> No.56603600

Go back to twitter niggers

>> No.56603629

Just did. We chatted a bunch back in 2021 hopefully senpai remembers me.

>> No.56603632
File: 1.84 MB, 223x141, 1611298013200.gif [View same] [iqdb] [saucenao] [google]

Never used twitter either. Apparently I'm missing out on some secret chat groups though.

>> No.56603645

self custody is not easy
You need about
10 x computers and
100 USB sticks
4 nas
3 - 4 online storage systems
4 - 5 burner phones
multiple tradeing acounts
and not fuck it up.
Multiple fall back mechanisims

Plus you have to understand it all

The overhead of doing all of this is the premium

>> No.56603663

Ok I get that custody is an expense, but is it really a 3x the value of the thing you're protecting expense?

>> No.56603679

The purchase of glink is subject to approval and thus cannot be manipulated in price. It provides no value to public link.

>> No.56603827



>> No.56603865

Come on, can you at least give a hint? Is it nothing? The glnk price has been multiples of the actual link price several times before in the middle of the bear market and link didn't budge.

>> No.56603876
File: 2.07 MB, 600x338, 1697421934485383.gif [View same] [iqdb] [saucenao] [google]

Are you all baiting or you really don't understand how funds work this is a share not a token it doesn't mean they can sell it for 1 link there's almost no premium. Or maybe it's just the new deceiving link marketing like the shit with Tesla seriously getting bad vibes from this new marketing à la chink shitcoin what goes up fast based on false premises goes down fats too

>> No.56603892

Just send zach a dm bro it's not that fucking hard

>> No.56603896
File: 62 KB, 378x357, pepe-laughing-high-quality.png [View same] [iqdb] [saucenao] [google]

>The overhead of doing all of this is the premium

>> No.56603912

You don't understand, I'd have to make a twitter account. I've never had social media before, I don't want to mess up my record man!

>> No.56603930

volume is 6k or was a few days ago. no one is trading this so it's easy to pump

>> No.56604002

pumped to what point and purpose, tho? who gains from this behavior?

>> No.56604141
File: 60 KB, 850x602, Screenshot 2023-11-09 at 08-09-19 GLNK - Grayscale Chainlink Trust (LINK) Overview OTC Markets.png [View same] [iqdb] [saucenao] [google]

this glnk shit is retarded just look at that volume

>> No.56604157

we're literally talking about blips of 100-500 link every couple of hours, I also wonder who's buying this but also people can afford to be retarded for 5000 dollars so it could well be some bullshit reason

>> No.56604275

Who's buying it though?

>> No.56604433

"institutions" have never bought a single link

>> No.56604460

Dumbfucks. Probably retard boomers that saw Sergey on MSNBC, could even be bottomfeeder algos buying it based on crypto pumping

>> No.56604979

20k link... All this discussion over a tiny fund.. it is literally nothing