Grayscale Chainlink Trust Up 41% Since February Inception

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In Brief
  • The Chainlink Trust's website declares returns up over 30% from last month.

  • Grayscale currently has over $5.8 million worth of AUMs in LINK.

  • The asset management company declared nearly $46 billion total AUMs on Thursday.

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The Trust Project is an international consortium of news organizations building standards of transparency.

The Grayscale Chainlink Trust has declared they are up 41.34%, since their inception at the end of February.

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The company’s website showed these returns to be over 30% up from the last month. Furthermore, on their Twitter, Grayscale announced their total Assets Under Management (AUM) amounted to just under $46 billion. Remaining more or less consistent with their AUM trends in recent weeks.

More specifically, as of April 29, the list of 14 assets showed that Grayscale have $5.8 million worth of AUMs in chainlink (LINK). Meanwhile, they also have more than $35 billion worth of AUMs in bitcoin (BTC) alone. Plus, a further $8 billion in ether (ETH). 

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Grayscale’s list of single asset investment options

Both of these Grayscale assets came under the Rothschild Investment radar earlier this year. In Q1 2021, the asset management firm purchased $4.75 million shares of ETH by way of the Grayscale Ethereum Trust. That was in addition to 8,000 shares of BTC. 

The Grayscale Chainlink Trust was one of five new trusts that Grayscale launched earlier this year. Its official inception was on February 26, entering Grayscale’s list of single asset investment options alongside trusts for basic attention token (BAT), Decentraland (MANA), filecoin (FIL), and livepeer (LPT).

Chainlink is an oracle network, which the decentralized finance (DeFi) ecosystem can use as an information base. Their native token is LINK, and the Grayscale Chainlink Trust describes itself as one of the first securities solely invested in LINK.

According to an update on their blog posted earlier this month, Chainlink has developed into the most widely used decentralized oracle solution. This is since their initial whitepaper publication more than three years ago.

The highs that the Grayscale Chainlink Trust is facing are consistent with other positives coming out of Chainlink recently. Last week, it was reported that the network had surpassed 500 integrations. In addition, more than 500,000 wallets with non-zero balances were shown to be active.

And to top it all off, they had also published their new whitepaper. Released on April 15, the document was entitled “Chainlink 2.0 and the Future of Decentralized Oracle Networks.” It outlined how Chainlink would go on to create, as described in their blog, “[…] a decentralized metalayer that enhance smart contracts with highly scalable, confidential, and secure forms of off-chain computation, in addition to the external data that Chainlink already provides today.”

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Dale Hurst is a journalist, presenter, and novelist. Before joining the Be In Crypto team, he was an editor and senior journalist at a news, lifestyle and human-interest magazine in the UK. Cryptocurrency was one of the first subjects he specialized in when first going freelance in 2018, reviewing exchanges and analysing lawsuits.

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