Grayscale Chainlink Trust posts 41% increase since February – BeInCrypto

Grayscale Investments has stated that its Chainlink Trust is up 41.34% since its launch in late February.

The company’s website He showed that these returns were more than 30% higher compared to last month.

Also, on his Twitter account, Grayscale advertisement that its total assets under management (AUM) amounted to just under $ 46 billion, staying more or less consistent with its AUM trends in recent weeks.

More specifically, as of April 29, the 14 asset listing showed that Grayscale has $ 5.8 million in AUM on Chainlink (LINK).

Meanwhile, they also have over $ 35 billion in AUM in Bitcoin (BTC) alone, plus another $ 8 billion in Ethereum (ETH).

List of individual asset investment options in Grayscale

Both assets in Grayscale came under the radar of Rothschild Investment earlier this year. In the first quarter of 2021, Asset management company purchased $ 4.75 million worth of ETH shares through Grayscale Ethereum Trust, plus 8,000 BTC shares.

Grayscale Chainlink Trust was one of five new Trusts that Grayscale launched earlier this year.

Its official start was on February 26, entering Grayscale’s list of individual asset investment options. junto con los Trusts de Basic Attention Token(BAT), Decentraland (MANA), Filecoin (FIL) y Livepeer (LPT).

Chainlink is an oracle network, which the decentralized finance (DeFi) ecosystem can use as a basis for information.

Its native token is LINK, and Grayscale Chainlink Trust describes itself as one of the first securities invested exclusively in LINK.

According to an update on his blog, published earlier this month, Chainlink has become the most widely used decentralized oracle solution. This is from the publication of the initial whitepaper more than three years ago.

The ups and downs facing the Grayscale Chainlink Trust are consistent with other positives that emerged recently from Chainlink.

Last week, the network was reported to have surpassed 500 integrations. What’s more, Over 500,000 wallets with non-zero balances were shown to be active.

They had also published their new whitepaper. Released on April 15, the document was titled “Chainlink 2.0 and the Future of Decentralized Oracle Networks.”

He outlined how Chainlink would continue to create, as described on his blog:

“[…] A decentralized metalayer that enhances smart contracts with highly scalable, confidential and secure forms of off-chain computing, in addition to the external data that Chainlink offers today. “

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Grayscale Chainlink Trust posts 41% increase since February – BeInCrypto

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