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Grayscale Launches First U.S. Chainlink ETF on NYSE Arca

Grayscale Launches First U.S. Chainlink ETF on NYSE Arca

According to Grayscale Investments, GLNK begins trading with $17 million in assets, giving investors regulated market access to Chainlink via familiar ETF structures.

LINK

Fact Check
The evidence strongly and consistently supports the statement. Multiple high-authority news sources, including CoinDesk and The Block, explicitly report that the Grayscale Chainlink Trust is converting into an ETF and will begin trading this week. The information is specific, with one source identifying Tuesday as the launch day and citing the official NYSE Arca certification filing as proof of approval. This is corroborated by other reputable outlets like Cointelegraph, a prominent community ambassador, and is supported by a direct link to the official SEC filings for the Grayscale Chainlink Trust (GLNK). There is no contradictory information across any of the provided sources. The statement's truthfulness is assessed as highly probable, with the small margin for error accounting only for the minute possibility of an unforeseen, last-minute delay of a scheduled launch.
Summary

Grayscale Investments announced GLNK, the first U.S. spot Chainlink ETF, now listed on NYSE Arca with over $17 million in assets. Converted from the Grayscale Chainlink Trust, the ETF offers exposure to Link's infrastructure within a regulated exchange environment. The product originated as a private placement in 2021, shifted to OTC Markets in 2022, and now enters public trading. It holds LINK on behalf of shareholders but is not registered under the Investment Company Act of 1940, limiting certain protections. Chainlink’s decentralized oracle network supports sectors such as DeFi, NFTs, and gaming.

Terms & Concepts
  • ETF: An exchange-traded fund that allows investors to gain exposure to an asset by trading shares on a stock exchange.
  • Chainlink: A decentralized oracle network designed to connect smart contracts with real-world data securely.
  • Smart contract: Self-executing blockchain code that automatically enforces agreements without intermediaries.