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/biz/ - Business & Finance

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57114873 No.57114873 [Reply] [Original]

uhhh what the fuck was that??!

>> No.57114928

>>57114873
so when the fuck are they buying more link to fill the deficit

>> No.57114993

>>57114873
someone explain this to me like I'm 5, what is this grayscale chainlink turst, or is it just one share with like 4-5links each?

>> No.57115287

>>57114993
Each share is actually slightly less than one whole Link; 0.93 link per share.

>> No.57115316
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57115316

>>57115287
please explain why i'ts 73 united states dollars? is it the future price of a chainlink token?

>> No.57115330

check the volume and sneed

>> No.57115348

>>57114873
Where can I buy LINK and BTC? Right now I only use Charles Shwab and eTrade

>> No.57115354

2,000 shares traded at 72 = daily volume of $144,000

"institutions" lol

>> No.57115361

>>57115316
Institutional investors can't just buy ERC20 shitcoins, so they need a product like GLNK which holds the token for them and which they can buy on a stock exchange or OTC. So until either LINK becomes feasible for the big bois to hold or LINK ETFs become available, GLNK will poompa and linkies will seethe and dial8.
>>57115330
Cope

>> No.57115363

>>57115348
reddit/cc

>> No.57115373

>>57115316
Because they're an asset manager that buys crypto, boomers unironically would rather buy crypto through a trust than the actual tokens themselves. It's why the btc etf is so important.

>> No.57115377

>>57114873
OOOOOOOOOOOOOOOOHHHHHHHH I-IM GONNAA SSSSSSTTSSSTTTAAAKKKKKEEEE

>> No.57115380

>>57115316
See
>>57115354

There's a pretty substantial demand for this Grayscale Link, since it's the only way to officially invest in Chainlink with full regulatory compliance, since GLNK is registered as securities, they're literally shares.
And since supply of Grayscale Link shares is so paltry, the price just shoots up.

>> No.57115390

>>57115361
>Institutional investors can't just buy ERC20 shitcoins
This.
They can buy them for purely functional purposes all they want, but not for investing.

>> No.57115544

can anyone here point to 1 institutional 13f filing showing they bought this

>> No.57115575

>>57115380
>there's a pretty substantial demand for this Grayscale Link

says who? The fund size was like $4M when the website was last updated...

>> No.57115630

>>57114873
thats not chainlink you retard

>> No.57115750

>>57115575
>says who?
The fact that the share price equivalent of one Link token is like 4-5x higher than market price.

>> No.57115916

I’m not sure about anything but what I do know is boomers are simply so fucking stubborn they would actually pay more for “safe and secure crypto”. They think of the whole thing as a gamble, which any stock is, but one where as soon as you put money in, it goes poof. Getting around that stubborn concept there’s so much money to be made off boomers and plenty love to spend it.

>> No.57115987

>>57114928
that's what I'm saying

>> No.57116191

>>57114928
its a meme there is no 'deficit'. Thats not how it works. GBTC is like $35 lol