ich1baN

Grayscale REGISTERS LINK Trust In DELAWARE-LINK to $200 by March

Long
COINBASE:LINKUSD   LINK/USD
Just as I have been speculating due to the size and position of buyers coming into LINK - it's becoming very apparent now that Grayscale has plans of adding a LINK trust - this is ultra super bullish and a reason why LINK has held up magnificently to the recent selloff in BTC ... LINK will be hitting my near-term targets with ease as institutions start to pile in a clear winner. As I've been telling all of my followers, if you're not in LINK now, you will be sorry you didn't buy in 1-2 months when LINK is in the $100-$200 range:

https://beincrypto.com/grayscale-may-a-have-secret-chainlink-trust/

Grayscale Investments appears to have incorporated a Chainlink Trust.

The company has not specifically declared plans to expand into more altcoins for its publically-traded products.

More small and mid-cap altcoin trusts have also been incorporated.

Grayscale Investments appears to have incorporated a Chainlink (LINK) trust, as well as trusts for other smaller-cap altcoins. Are there more trusts on the horizon?

Grayscale Investments has been one of the loudest voices in crypto. And the first firm to offer crypto exposure to institutional investors.

The company has been a vocal supporter of crypto. And previously said that Ethereum was of greater interest to its clients. So is this the beginning of the institutional foray into altcoins?

Well, according to the State of Delaware, Grayscale’s altcoin trusts are secretly growing in number.

Documents available on the State of Delaware Division of Corporations show several Grayscale products that are not open to the public or listed on its website.

Perhaps most notable among them is the Chainlink (LINK) Trust. LINK has been one of the hottest and fastest-growing cryptos, which made headlines late last year with its epic rise. It also claims it has over 300 major partnerships.

A Grayscale Chainlink Trust could be seen as a huge vote of confidence in LINK and altcoins in general. The more publicly-traded entities out there exposed to altcoins, the more the public will understand the power of these technologies.

Of note, incorporating an entity doesn’t necessarily mean that Grayscale has already been accumulating LINK or is buying today’s dip.

The documents on Delaware’s site only point to the existence of such a Trust. What is inside remains unknown, and the connection between Grayscale and this trust is speculative at best.

More Armies Than Just Chainlink
But the list of Grayscale trusts on Delaware’s Corporation Filing website goes beyond just Chainlink. Aside from the products advertised on Grayscale’s website, there are several new trusts that filed paperwork late last year. And they aren’t on Grayscale’s site.

These include headlining cryptocurrencies such as Filecoin (FIL) and Decentraland (MANA). These two have gained traction in 2020, and Filecoin had a huge network launch.

Surprisingly, some mid and small-cap alts are also seen in the list, such as Livepeer (LPT) and Horizen ( ZEN ).

All these corporate entities are filed with the Delaware Trust Company in Wilmington, Delaware. Delaware, a US state with less than one million, is famously attractive because of the corporate-friendly tax laws.

A New Direction
Grayscale’s current offerings include diversified trusts and trusts that offer exposure to nine different crypto assets separately. The company had not announced any definite plans to expand into other crypto assets.

In January 2021, Barry Silbert stepped down as head of Grayscale Investments, which has over $27 billion in crypto assets. Silbert said he wanted to focus on other crypto initiatives, but he certainly left a mark on the landscape of publicly-traded companies.

Michael Sonnenshein took over as CEO. It’s unclear if these new trusts are related to the transition of power in the company.
Comment: Load em' up Marines!

Comments

It hit my stop limit that I should have never put in there. Coming back strong like that caught me off guard, I barley managed to get back in only loosing a few cents. I seen the Head and shoulders so I'm asking why did not get back in then instead I watched it go up like I was hypnotized lol. learning pains. thanks for your great charts and advice. This community is fantastic.
+4 Reply
jerilynn1986 Juliet_Alpha
@Juliet_Alpha, Yep, I feel ya. I’ve been in that boat before. Not fun.
Reply
Juliet_Alpha jerilynn1986
@jerilynn1986, lol yup not cool. Its cool we have positive people in the chat.
Reply
MoonCat8 Juliet_Alpha
@Juliet_Alpha, That was a FUD dip spread about BTC and the double spend that some dumbass tech writer reported on... Glad you were able to get back in without losing too much.
Reply
@MoonCat8, thanks for the info. Yeah I'm happy to. I guess I learned my lesson.
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ich1baN MoonCat8
@MoonCat8, yea the "BitMex Research" team whoever the f**k that is came out and said there may have been a double spend ... LMAO ... Andreas A. came out with a great rebuttal in the hours after but the market of course doesn't listen to reason in the ultra short run... it's a mindless case of clap trap at times
Reply
ich1baN Juliet_Alpha
@Juliet_Alpha, Juliet - no worries! Just be glad you're in LINK below $100 :) ... I like to tell investors and especially traders that LINK is not something you trade... you just buy and accumulate. This is honestly too valuable of an asset to speculate on highs and lows.... I do like providing TA on b/c otherwise the info and news wouldn't get out - which does generate buzz among traders... eventually all traders will stop trading LINK and just buy and hold as this asset just continues to soar in value ... See you at $1k :)
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@ich1baN, thanks you for the advice it is much appreciated. Yasaasaasss 1k!
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WarrenBobafett Juliet_Alpha
@Juliet_Alpha, Happened to me aswell, managed to snatch some extras in my bag during these dips and 75% is bye bye then Grayscale news came out
Reply
Juliet_Alpha WarrenBobafett
@WarrenBobafett, yeah buddy good stuff
Reply
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