Catenaa, Wednesday, September 10, 2025- Grayscale has submitted an S-1 registration statement with the SEC to launch what could become one of the first spot Chainlink (LINK) exchange-traded funds in the US.
This could potentially include a staking feature as well.
The fund would convert Grayscale’s existing Chainlink Trust into an ETF, offering direct exposure to LINK’s market price.
Coinbase Custody Trust Company is slated as the custodian, and the ETF would trade on NYSE Arca under the ticker GLNK if approved.
The ETF may stake a portion of its LINK holdings under approved tax and regulatory conditions, generating additional yield while maintaining assets in custodian wallets.
Share creations and redemptions would be processed in cash, with potential for in-kind redemptions pending regulatory clearance.
Chainlink is a decentralized oracle network linking blockchains to external data sources, with LINK used to pay node operators and secure the network.
This filing adds to Grayscale’s growing roster of proposed spot crypto ETFs, including Avalanche, Dogecoin, Litecoin, Solana, and XRP, following SEC approval for its Bitcoin and Ethereum ETFs in 2024.
Other asset managers, including 21Shares, Bitwise, VanEck, and Franklin Templeton, are also pursuing spot crypto ETFs, highlighting increasing institutional interest amid a more crypto-friendly SEC under the Trump administration.
LINK was trading up approximately 5% at $23.14 Monday. Grayscale’s move positions the firm to capture growing investor demand for regulated crypto products and expands the accessibility of altcoin-focused ETFs in US markets.
