Grayscale Chainlink Trust Zooms to 200% Premium, Indicating Institutional Demand for LINK
www.coindesk.com/markets/2023/11/08/grayscale-chainlink-trust-zooms-to-200-premium-indicating-institutional-demand-for-link/?utm_content=editorial&utm_source=twitter&utm_term=organic&utm_campaign=coindesk_main&utm_medium=social
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A regulated product that allows U.S. investors to gain exposure to Chainlink’s LINK is trading at a 200% premium to spot prices, suggesting institutional demand.
The chainlink product was released in May 2022 and has historically traded at a premium of over 20%. These premiums have shot to as much as 150% over two separate occasions – but Monday’s level is the highest ever so far.
Some research firms have pegged LINK as the “safest bet” to profit from the growing real-world asset (RWA) tokenization hype, which may have helped boost the value of the tokens in recent weeks.
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