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First Spot Chainlink ETF Set to Begin Trading on NYSE Arca Dec. 3

Grayscale lists GLNK, the first US spot Chainlink ETF, on NYSE Arca with $17 million in assets, evolving from its Chainlink Trust to broaden investor access.

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Fact Check
The evidence overwhelmingly supports the truthfulness of the statement. A significant number of high-authority sources, including major crypto news outlets like Cointelegraph and CoinGape, directly and explicitly attribute the claim that a Chainlink Spot ETF is expected to launch 'this week' to Nate Geraci, the President of The ETF Store. Several sources specify that this statement was made on the X platform (formerly Twitter), adding a layer of consistent detail. There are no contradictions in the provided evidence; sources that do not mention Nate Geraci still report on the expected ETF launch, corroborating the event's timing without negating his involvement. The consistency across multiple independent and credible reports leads to a high degree of confidence that the statement is accurate.
Summary

Grayscale Investments has listed GLNK, the first US spot Chainlink ETF, on NYSE Arca as of July 3, holding over $17 million in assets. Converted from the Grayscale Chainlink Trust, GLNK offers regulated ETP exposure to Chainlink’s oracle network. This launch marks a significant expansion of crypto investment options within traditional markets.

Terms & Concepts
  • Exchange-Traded Fund (ETF): A regulated investment fund traded on stock exchanges, providing exposure to assets like cryptocurrencies without direct ownership.
  • Chainlink: A decentralized oracle network that enables smart contracts (self-executing blockchain code) to access real-world data securely.
  • Oracle Network: A system that provides external, real-world data to blockchain applications, enabling smart contracts to function with information beyond the blockchain.