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Grayscale Launches Chainlink Trust ETF (GLNK) on NYSE with Strong Debut Inflows

Grayscale Launches Chainlink Trust ETF (GLNK) on NYSE with Strong Debut Inflows

Grayscale’s Chainlink Trust ETF (GLNK) debuted on the NYSE with $37.05M in inflows and $13.87M in volume, supporting cash-only creation/redemption and charging a 0.35% fee.

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Summary

Grayscale launched its Chainlink Trust ETF (GLNK) on the NYSE on December 2, attracting $37.05 million in net inflows and $13.87 million in trading volume. With $52.64 million in assets, the ETF only permits cash creations and redemptions and charges a 0.35% fee, expanding regulated access to Chainlink investment.

Terms & Concepts
  • Chainlink: A blockchain network that enables smart contracts to securely connect with external data sources.
  • ETF (Exchange-Traded Fund): An investment fund traded on stock exchanges, allowing investors to gain exposure to assets without direct ownership.
  • Smart Contract: Self-executing blockchain code that enforces agreements when predefined conditions are met.