Is Crypto Giant Grayscale Preparing to Support Chainlink?

Crypto sleuths have discovered a document that suggests the crypto asset management giant Grayscale could be gearing up to support Chainlink (LINK).

A popular Chainlink enthusiast on Twitter discovered the documents, and warns the filing could be an elaborate hoax designed to pump the coin.

This is not the only altcoin trust bearing the Grayscale name that has surfaced.

Whether they have anything to do with the company or not, a search on Delaware’s Division of Corporations website also shows the “Grayscale Decentraland Trust (MANA)” and the “Grayscale Basic Attention Token Trust (BAT).”

Grayscale’s official line of products offer clients exposure to Bitcoin, Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), and Zcash.

The firm also offers the Grayscale Digital Large Cap Fund, which provides exposure to a basket of crypto assets.

In recent months, Grayscale has consistently made headlines for buying huge quantities of Bitcoin on behalf of its institutional clients.

At time of publishing, the firm manages $25.5 billion in crypto. The Grayscale Bitcoin Trust is by far its most popular product, with $21 billion in assets under management. Ethereum holds the number two spot at $3.6 billion.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/IM_VISUALS



Source link

Add a Comment