Grayscale Files to Convert Chainlink Trust Into Spot ETF

Grayscale is gearing up to make a new market push by filing to convert its Chainlink Trust into a spot ETF, a move that could attract strong institutional inflows and unlock staking potential for investors.

Grayscale Files To Convert Chainlink Trust Into Spot Etf

Grayscale Investments has officially filed with the U.S. Securities and Exchange Commission (SEC) to convert its Chainlink Trust into a spot ETF, expected to trade on NYSE Arca under the ticker GLNK. If approved, the move could open the door for greater institutional exposure to Chainlink (LINK) while boosting market liquidity.

What is Grayscale’s Chainlink ETF?

The Filing's Grayscale
The Filing’s Grayscale

According to the filing, Grayscale aims to convert Chainlink Trust into a spot ETF that would provide regulated and transparent access for financial institutions looking to invest in LINK. The fund would use Coinbase Custody as custodian and BNY Mellon as administrator.

Converting the trust into an ETF could make LINK more accessible through traditional brokerage and retirement platforms. At the time of filing, Chainlink’s market capitalization stood at approximately $15.6 billion, while the token price jumped nearly 3% following the announcement, reflecting immediate investor interest.

Staking – A Potential Highlight

One notable detail in the filing is the possibility of allowing LINK staking to generate additional yield for investors, subject to regulatory and tax guidance. If approved, this would mark a breakthrough step, enabling the ETF not only to track asset value but also to deliver passive income through staking rewards.

The launch timeline depends on SEC review and approval. Grayscale has successfully converted other products into ETFs in the past after a review cycle, but no official date has been set. Investors should closely monitor SEC filings and Grayscale announcements for the latest updates.

Love

0.0/5

Love

Latest

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

How To Join The Metamask Airdrop 

Airdrops | Editor Choice

How to Join the MetaMask Airdrop 

Join the Metamask airdrop hunt, the most popular blockchain wallet in crypto is having a 90-day point earning program.

Binance Delists 3 Altcoins, Prices Instantly Swing

News | Altcoin | Editor Choice

Binance Delists 3 Altcoins, Prices Instantly Swing

Binance’s unexpected decision to delist three altcoins — FLM, KDA, and PERP — has sent shockwaves through the crypto market, triggering intense volatility. Yet, in a surprising twist, FLM surged, defying all conventional market logic.

Screenshot 2025 10 20 091338