Grayscale Opens $30 Million Altcoin Fund to Institutional Investors - Coin Bulletin

Crypto asset management firm Grayscale Investments has announced the Grayscale Chainlink Trust product, which provides institutional investors with access to Chainlink (LINK) through a regulated investment vehicle. Please provide the text to be translated This $30 million investment vehicle allows investors to passively invest in LINK tokens, eliminating the burden of holding or managing the LINK token directly. Please provide the text to be translated Grayscale Chainlink Trust is trading on OTC Markets Group with the symbol “GLNK” and allows investors to purchase this product through regular brokerage accounts. The product aims to reflect the market price of LINK by tracking the CoinDesk Chainlink Price Index (LNX). LNX provides the current USD price of LINK with real-time prices from different exchange platforms. Please provide the text to be translated

Management fees and investment terms

Please provide the text to be translated Grayscale takes a 2.5 percent management fee for Chainlink Trust, but does not charge additional fees for distribution or performance. While the Trust does not make regular dividend payments, it is noted that investor interest in LINK-based financial products is increasing. Please provide the text to be translated Grayscale Chainlink Trust was first established on February 26, 2021 and began trading on OTC markets on May 19, 2022. While the product aims to track the market price of LINK, the Trust's shares can often trade at prices higher or lower than their net asset value.