Grayscale Announces Launch of First U.S. Spot Chainlink ETF Following Trust Conversion

Grayscale Investments is set to introduce the United States’ first spot exchange-traded fund (ETF) for Chainlink (LINK) this Tuesday. The new product will be established through the conversion of an existing Grayscale Chainlink Trust, providing investors with direct exposure to the underlying LINK tokens. This launch represents a significant milestone, as it brings a spot-based digital asset ETF for a major cryptocurrency beyond Bitcoin and Ethereum to the U.S. market. The move is seen as a response to growing institutional and retail demand for diversified cryptocurrency investment vehicles that track actual asset holdings. Analysts suggest the ETF could enhance LINK’s liquidity and broaden its accessibility within regulated financial frameworks. Grayscale’s initiative underscores the ongoing evolution of cryptocurrency investment products, following the earlier successful conversions of its Bitcoin and Ethereum trusts into spot ETFs. The listing is anticipated to attract attention from investors seeking to incorporate oracle network tokens into their portfolios through a traditional, securitized structure.