Chainlink's First Fund Inflow in Five Trading Days: What Changes for Investors in Germany

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The two US spot funds on Chainlink took in $9.48 million on October 9, the first inflow after five sessions without any movement at all. Because you cannot buy these funds in Germany at all, your result is decided by a different route and above all by how long you hold.The two US spot funds on Chainlink took in $9.48 million on October 9. That is the first inflow after five trading days on which the figure read exactly zero. The entire amount went to a single provider, Grayscale's GLNK fund; at Bitwise's CLNK fund nothing moved. The figures come from the fund data service SoSoValue, on which trade coverage of these products relies throughout. For you in Germany this report carries a catch that most news briefs leave out: you cannot buy these two funds. The products are set up under US law, not under the European UCITS directive, and there is no key information document for them under the PRIIP regulation. A German broker is therefore not allowed to offer them to retail clients. ...