Grayscale's LINK fund premium has exceeded 700%, the highest in history

TechFlow news, the price of Grayscale Investments' Chainlink Trust is at its highest premium ever. The Chainlink Trust shares (each representing slightly over 0.92 LINK tokens) are trading at a market price of $170.99. Compared to LINK's $20.54 price on cryptocurrency exchanges, this represents a premium of over 700%.

The Chainlink Trust holds $8.4 million worth of LINK and charges an annual management fee of 2.50%.

Launched in May 2022, the Chainlink Trust has historically traded at a premium to the LINK token. Due to regulatory restrictions, institutional investors typically cannot directly hold cryptocurrencies, but they can gain exposure to crypto assets beyond Bitcoin by investing in products like the Chainlink Trust.