/biz/ - Business & Finance

[Anonymous No.57795411]

So does this mean link tokens are effectively $125 within Grayscale's ecosystem? I don't understand

[Anonymous No.57795423]

what I don't get is why holders don't sell to arbitrage the massive premium?

[Anonymous No.57795437]

>>57795411
there's a chainlink trust?

[Anonymous No.57795447]

>>57795423
It's not something you can just hop into and out of with your tokens.
>>57795437
Yea for a long time
https://www.grayscale.com/crypto-products/grayscale-chainlink-trust

[Anonymous No.57795458]

There are more stinky linkies than there are shares in the derivative of those stinky linkies

[Anonymous No.57795499]

>>57795411
>NAV per share: $18.46
What the fuck? Who the fuck is buying this?

[Anonymous No.57795510]

>>57795499
Actual big dogs are buying it. So what does that mean for the token?

[Anonymous No.57795545]

I actually don't get what the fuck is going on here.

[Anonymous No.57795561]

>>57795411
I still don't understand why people are buying this. Everyone says "it's the only way for regulated institutions to have exposure to LINK" but it doesn't even follow LINK so that makes no sense.

[Anonymous No.57795580]

>>57795545
here's what's going on
linkfaggots got cucked again lmao

[Anonymous No.57795581]

>>57795545
I wouldn't worry about it, LINK is a scam

[Anonymous No.57795585]

>>57795561
>>57795545
"people" aren't buying it. Regulated institutions are because it's the only legal way they can gain exposure to chainlink right now. I just don't understand what it means for everyone else. Kinda feels like a slingshot pulled back

[Anonymous No.57795588]

>>57795458
You have it backwards. Each $125 share corresponds to 0.92 LINK

[Anonymous No.57795602]

>>57795585
>t's the only legal way they can gain exposure to chainlink
but it doesn't follow link, it's not redeemable for link, it can't be used to purchase chainlink services, it has literally nothing to do with link other than its name

[Anonymous No.57795605]

>>57795411
Grayscales is buying LINK up in massive quantities

[Anonymous No.57795614]

>>57795411
It’s the only real world example where a LINK token can actually be represented by speculation. LINK is not a speculative asset, it’s a utility token. GLINK can and will unironically reach ETH level of prices.

It’ll trickle down to inflate the price of a LINK token because they still have to buy it regardless. There is a very large truth where GLINK reaches 5000 to 10000 over the next years to come.

[Anonymous No.57795615]

Scam shitcoin pathetic link baggies BTFO

[Anonymous No.57795631]

>>57795510
are they waiting for CCIP to even out the balance or somthing?

[Anonymous No.57795634]

>>57795423
>>57795447
But if you could…

[Anonymous No.57795636]

>>57795411
Glink are tokens that have tokenomics that benefit from the overall chainlink ecosystem and operations while regular link was just a fundraiser token for Sergey's bigmac fund

[Anonymous No.57795643]

>>57795605
lol yeah sure thing bro the answer is so obvious grayscales is buying link up in massive quantities why do you think wcdonalds token is going straight to the moon and its only a matter of time until we start offering wcdonalds burgers on the moon we just need to figure out the logistics of keeping the fries warm because if we can figure that out then we can keep the pump sauce fresh too trust me bro it's going to the moon

[Anonymous No.57795647]

>>57795631
No it's a way for institutions to invest in Chainlink. They can't just buy and hold tokens like we can. Basically these companies are paying a massive premium for this chainlink derivative

[Anonymous No.57795650]

>>57795585
This makes so much fucking sense.
They aren’t allowed to buy in bulk (yet) and since they do represent .92 LINK …

[Anonymous No.57795658]

>>57795614
this, which is why anybody with two braincells has already swapped their link for glink

[Anonymous No.57795686]

>>57795614
Is it perpetually tailing it?

[Anonymous No.57795740]

>>57795411
wagmi link sisters

[Anonymous No.57795786]

>>To date, the Product has not met its investment objective and the Shares of the Product quoted on OTC Markets Group has not reflected the value of digital assets held by the Product, less the Product’s expenses and other liabilities, but instead have traded at both premiums and discounts to such value, with variations that have at times been substantial.

Kek. So admits Glink is a failure to on their website. What actually is the point of it then?

Institutional version of a fucking memecoin. Holy kek

[Anonymous No.57795795]

>>57795458
Brainlet detected.

[Anonymous No.57795807]

>>57795585
You're a fucking retard. I have over 1000 GLNK in my Roth IRA, although I've sold a good chunk on the way up.

[Anonymous No.57795824]

>>57795786
So what, it didn't meet volume prospects to be considered successful? They're still running it and it's rising like crazy these past months. Wonder what the deal is
>>57795807
don't talk to me until you get to 3k GLINK lil dawg

[Anonymous No.57795860]

>>57795824
They basically just admitted that the fund is not correlated with the holdings (link) which was the point of the fund. Why anyone would buy a share for 125 when each share only has 0.92 LINK is beyond me.

[Anonymous No.57795877]

>>57795860
So they're just as confused as we are?

[Anonymous No.57795889]

>>57795877
Seems like it. I am guessing it's algos doing most of the trading while having no idea what the actual underlying is.

[Anonymous No.57795903]

>>57795889
wack

[Anonymous No.57795954]

>>57795686
>Is it perpetually tailing it?
That's a good question, I wonder whether anyone has that chart.

>>57795860
I thought it was more like owning shares in a business whose whole purpose is to buy Chainlink.
The share price doesn't correlate directly with the price of Chainlink, the share price reflects investor sentiment that the overall value of the fund will go up in time.
Seems there's some investors with a lot of money who think the token will be going up in value soon.

[Anonymous No.57796013]

>>57795954
>I thought it was more like owning shares in a business whose whole purpose is to buy Chainlink.
That's not what is happening though. You aren't investing into the company by buying the fund. You are only buying into the assets in the fund itself. That means that this specific fund is trading at 6 times its actual asset value. Completely retarded. I have no idea why.

[Anonymous No.57796418]

>>57795860
because 0.08 link is recovered during arbitration
sirgay always gets his cut
I would read the whitepaper before investing in this

[Anonymous No.57797332]

>>57795602
this is true of mstr shares as well wrt bitcoin but no one gives a fuck

[Anonymous No.57797382]

>>57795411
>$125
>calculator app
>my LINK holdings x $125
>big number

Comfy

[no sleep fag No.57797765]

>>57795411
only 96 people are in that trust and then sold on second hand market, who knows if they are legitimate purchases

[Anonymous No.57797976]

so when link = glink

[Anonymous No.57797998]

>>57795423
Tax reasons, it's cheaper for them to keep holding. Grayscale is basically giving up on new customers and is betting on the fact that old ones won't leave for tax reasons

[Anonymous No.57798284]

Reminder that the volume on GLNK is only 2000 per day. It has less volume than a newly made jeet shitcoin. Everything about glink is a nothingburger

[Anonymous No.57798297]

>>57798284
keep spamming this in every link thread you pathetic fuck

[Anonymous No.57798313]

BASED LPL CHUDDIE KIDDOS HOW YOU DOING BASED KIDDOS POOLS CLOSED LPL SEETHE

[Anonymous No.57798321]

>>57795411
yes but that doesn’t mean that the normal link is valued anywhere near
glink is just a way for companies with regulations to have exposure to link
imagine they bought glink at 50 and it will go to 500
thats a 10x
investment firms think in terms of profit not in bagholder mentality
they don’t care if the get a 10x on glink or a 10x on the regular link
it’s also easier to manipulate the glink price since there is no volume and greyscale isn’t a 1 to 1 etf to link

[Anonymous No.57798582]

>>57795860
>Why anyone would buy a share for 125 when each share only has 0.92 LINK is beyond me.
because when you can sell you get it that extra 0.08 but you also get the % movement of link. so if link moves up 5% your glink will also move up 5%. hence you made out anyway.

[Anonymous No.57799457]

>>57795411
>I don't understand
linkies education everyone

[Anonymous No.57799785]

>>57795585
grayscale has like 7 million dollars invested in their link trust. it's peanuts.

[Anonymous No.57799879]

>>57795605
actually pretty fucking bullish. im getting april 2021 matic vibes.

[Anonymous No.57799911]

>>57795437
wasn't it supposed to be trustless