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Chainlink LINK ETF Launch by Grayscale Sparks 12% Rally

Chainlink LINK ETF Launch by Grayscale Sparks 12% Rally

Author:

Global Cryptocurrency

Published:

2025-12-03 10:43:10

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Chainlink LINK News -

Asset management giant Grayscale announced on December 2nd the official listing of its chainlink (LINK) Spot ETF, marking a significant milestone in institutional adoption for the cryptocurrency. The ETF, which passively tracks LINK's value, saw the token surge 12% following the news.

The product, named GLNK, is a conversion of Grayscale's existing Chainlink trust launched in 2020. It carries over all assets under management and historical performance data while introducing a continuous share creation and redemption program to ensure liquidity from day one.

Grayscale emphasized Chainlink's unique position as critical middleware connecting off-chain data to blockchain systems. The protocol underpins numerous Web3 applications, including DeFi platforms, real-world asset tokenization, and enterprise blockchain integrations—factors that distinguish it from purely speculative assets.

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