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Is Grayscale is about to unveil a LINK Trust
Mystery filings using Grayscale’s name suggest the multi-billion dollar firm may be looking to expand the number of Trusts.
Grayscale Investments could be set to launch a raft of new products including a Chainlink Trust, if freshly unearthed filings are to be believed.
According to the State of Delaware’s Division of Corporations, someone set up a Grayscale Chainlink Trust on December 18, 2020.
On the same day, a Basic Attention Token (BAT) Trust, Decentraland (MANA) Trust, Livepeer (LPT) Trust, and a Tezos (XTZ) Trust were also initiated.
Before these communities get too excited, Grayscale Investments is yet to officially confirm it is behind the filings. Some reports have cast doubt on their legitimacy as the registered agent for the Trusts is listed as ‘Delaware Trust Company’ and not Grayscale.
However the Delaware Trust Company is listed on the Grayscale website as one of its official Service Providers and the same details were used for the Grayscale Bitcoin Trust filing in 2013.
Even so, new Trusts are far from certain to launch. Two months earlier in October, a Filecoin (FIL) Trust was created, and this is yet to be made public.
Adding to the uncertainty, a few weeks after the inception of these Trusts, Grayscale CEO and founder Barry Silbert stepped down, replaced by Michael Sonnenshein. It is unclear if Sonnenshein will continue Silbert’s strategy or if he will take the firm in a new direction.
Grayscale last made a filing with the Stellar Lumens (XLM) Trust in October 2018 — more than two years ago.
The Stellar Trust was made public almost six weeks after inception. The majority of Grayscale’s digital-asset trusts are normally made public within days of the legal forming date stated on Delaware’s Corporate Filing website.
The vocal Chainlink army have taken to Twitter to show their support for the filing, speculating what effect this might have on the token’s price.
Twitter user “Bitcoin Collector” stated, “We all know how much purchasing power Grayscale has,” however, he added that the news hasn’t been confirmed.
Chainlink recently passed Bitcoin Cash (BCH) to become the eighth-biggest cryptocurrency with a market cap of more than $9 billion and an all-time high price of $23.30. It has since dropped back to ninth place, losing $2.3 billion in value over a four-day period to trade at $17.8.
The original article from Cointelegraph.