Grayscale to Launch First Spot Chainlink (LINK) ETF This Week, Expanding Regulated Crypto Access
Grayscale is set to launch the first spot Chainlink (LINK) ETF this week by converting its existing private trust into a publicly tradable fund. This move represents a significant milestone in providing regulated cryptocurrency investment vehicles beyond just Bitcoin and Ethereum.
The ETF will offer institutional-grade exposure to LINK without the complexities associated with direct custody. Analysts highlight that this development reflects growing institutional demand for compliant crypto products, with over 100 spot crypto ETFs anticipated to launch globally within the next six months.
Grayscale's decision follows its successful prior conversions of Bitcoin and ethereum trusts into ETFs, signaling strong confidence in Chainlink's foundational role within decentralized oracle networks. The launch coincides with a wave of filings for other altcoin ETFs, including products for Zcash (ZEC), Dogecoin (DOGE), and XRP.
