Grayscale set to launch first US spot Chainlink ETF this week
Grayscale Investments is expected to introduce the first U.S. spot Chainlink exchange-traded fund this week through the conversion of its Chainlink private trust, with trading anticipated to start on Tuesday, according to ETF Institute co-founder Nate Geraci.
Geraci stated on X on Sunday that Grayscale plans to uplist and convert its Chainlink private trust into an ETF. A separate Chainlink ETF from crypto asset manager Bitwise is also pending.
The timeline aligns with projections from Bloomberg Intelligence, which indicated the product could launch on Dec. 2, according to Bloomberg senior ETF analyst Eric Balchunas. On Nov. 24, Balchunas said there are five spot crypto ETFs scheduled to launch over the next six days and projected a steady flow of additional products, potentially exceeding 100 over the following six months.
Similar to several of the firm’s offerings, the Grayscale Chainlink Trust will convert into an ETF, roughly five years after the trust was established in late 2020. The ETF is designed to track the spot price of LINK and incorporate returns from staking LINK.
Grayscale has highlighted the Chainlink network in recent research, describing it as essential infrastructure connecting digital assets with traditional financial systems.
Following changes in U.S. Securities and Exchange Commission leadership this year, approvals expanded for crypto-linked ETFs, including products tied to Solana (SOL), XRP (XRP) and Dogecoin (DOGE). Last month, Grayscale launched spot ETFs for XRP and DOGE.
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