First Chainlink ETF in the US Launched by Grayscale, Will LINK Rise?

Jakarta, Pintu News – Grayscale has secured permission to proceed with the launch of the first spot Chainlink ETF (LINK). This will be the third fund launched by the asset manager in just the last two weeks. The product comes amidst increasing adoption of the token.

Grayscale Ready to Launch First Chainlink Spot ETF This Week

Grayscale’s Chainlink Trust will soon be converted into a fully tradable ETF (Exchange-Traded Fund). According to ETF analyst Nate Geraci who shared this news on the X platform, approval for the uplisting has been granted.

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The new structure allows the trust to be converted and listed on NYSE Arca, allowing investors to gain access to LINK through a regulated and widely recognized market instrument.

This approval came after Grayscale filed a registration statement in late September. At that time, the company filed an S-1 form to formalize the conversion of the trust into the Chainlink ETF.

This ETF launch will also be Grayscale’s third in just two weeks, having previously launched similar funds focused on XRP and Dogecoin.

Chainlink is Increasingly Important in Helping Institutions

Grayscale’s product with the ticker GLNK attracted attention for offering a staking feature, but also raised concerns among regulators. Analysts noted that the SEC still has a number of open questions regarding the yield mechanism in digital asset funds.

In contrast, Bitwise’s product called CLNK does not offer a staking feature and is already listed on the DTCC registry. Bitwise’s Chainlink ETF was initially expected to launch ahead of Grayscale.

In a report titled “The Link Between Worlds”, Grayscale researchers Zach Pandl and Michael Zhao state that Chainlink is increasingly important in helping institutions adopt tokenization. They called LINK a leading asset in the Utilities & Services sector of the crypto world.

“LINK is the asset with the largest market capitalization in the Crypto Utilities & Services sector, which can be likened to the ‘tools and equipment’ for on-chain finance. LINK is also the largest asset in the crypto world that is not a Layer 1 token,” they said.

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Chainlink Adoption by Institutions Continues to Rise

Interest in LINK has continued to grow in recent months. In August, CaliberCos became one of the first companies in the US to publicly trade and use LINK as part of the company’s cash.

The company’s digital asset policy includes long-term investment in LINK as well as earning returns from staking activities on the network.

Earlier, in June, Chainlink played a key role in a digital currency pilot in Hong Kong. In the pilot program, participants tested how to transfer tokenized value between Hong Kong and Australia using the Cross-Chain Interoperability Protocol (CCIP).

Chainlink’s CCIP is also being used again by World Liberty Financial in a multi-chain expansion for their stablecoin, USD1. This integration aims to improve USD1’s ability to operate across multiple blockchain networks.

FAQ

What is the Chainlink ETF launched by Grayscale?

The Chainlink ETF launched by Grayscale is an investment product that allows investors to participate in the Chainlink (LINK) market through an organized and accessible mechanism, with the addition of a staking feature.

When will the Chainlink Grayscale ETF launch?

Grayscale’s Chainlink ETF is scheduled to launch this week, with approval to trade on NYSE Arca.

Why has the price of LINK dropped recently?

The price of LINK fell by almost 30% in November due to the broader crypto market correction, which also affected many other crypto assets.

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Reference:

• Coingape. Grayscale Cleared to Launch First Spot Chainlink ETF This Week Amid Rising Demand. Accessed on December 2, 2025
• Cointelegraph. Grayscale Set to Launch First-Ever Spot Link ETF via Trust Conversion. Accessed on December 2, 2025
• CoinSpeaker. Chainlink ETF Coming This Week, Will LINK Price Recover from Crash?. Accessed on December 2, 2025
• Crypto News. Grayscale to Launch First US Spot Chainlink ETF This Week, Says Nate Geraci. Accessed on December 2, 2025