Grayscale Unveils First US Spot Chainlink ETF This Week

Grayscale will launch the first US spot Chainlink ETF this week, converting its LINK trust into a regulated fund that tracks LINK’s spot price and staking rewards, offering investors direct exposure to Chainlink.

Grayscale is set to launch the first US spot Chainlink ETF this week by converting its existing private LINK trust into a fully listed exchange-traded fund. This move will allow US investors to gain direct exposure to Chainlink’s native token, LINK, through a regulated fund structure that tracks the spot price and includes staking-related returns where permitted. Industry analysts expect the ETF to debut around December 2. The launch comes amid increased competition, with other firms preparing rival LINK ETFs, and follows a year of regulatory changes that have eased the path for crypto-backed investment products. Grayscale describes Chainlink as a vital bridge between blockchains and real-world financial systems, providing essential data and pricing feeds. The ETF aims to simplify LINK investment for both institutional and retail investors, offering a regulated, exchange-traded structure that eliminates the complexities of direct crypto ownership. This development is part of a broader trend of new altcoin ETFs, including those tied to Solana, XRP, and Dogecoin, entering the market.