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GLNK emerges as a market test for tokenized finance, as institutional investors grapple with LINK's valuation amidst growing adoption.
The applications are coming in less than two months after the financial regulator received a slew of spot Bitcoin (BTC) ETF applications from several traditional financial institutions, including BlackRock.
Alameda had filed a lawsuit against Grayscale in March, alleging that the firm was unjustly enriching itself at the expense of shareholders.
Grayscale Investments is a United States based digital asset manager that specializes in crypto investment products for institutional and accredited investors.
