Chainlink (LINK) Soars as Grayscale Launches First U.S. Chainlink ETF on NYSE Arca

Wall Street just placed a massive bet on the oracle of crypto.

Grayscale's landmark Chainlink ETF hits the NYSE Arca, sending LINK prices surging and signaling a seismic shift in institutional adoption. This isn't just another fund—it's a direct pipeline for traditional capital to flow into decentralized infrastructure.

The Oracle Gets a Ticker

The launch bypasses the usual crypto ETF narrative focused solely on Bitcoin. Instead, it targets the critical middleware—Chainlink's oracle networks—that power everything from DeFi to tokenized real-world assets. The market's immediate bullish reaction suggests investors finally grasp that blockchains are useless without reliable data.

More Than Just Price Action

This ETF cuts through the speculative noise, offering exposure to the utility layer. It validates the thesis that oracle services are a fundamental, revenue-generating component of Web3. Traders chasing the pump might miss the point: the real story is institutional recognition of infrastructure-as-an-asset-class.

A New Playbook for Institutions

The move pressures other asset managers to play catch-up. Expect a scramble for similar products tied to other essential protocols—because nothing gets traditional finance moving like the fear of missing out on a fresh fee-generating vehicle.

Chainlink's price jump is the headline, but the subtext is clearer: the big money is now betting on the plumbing, not just the vault. After all, what's more Wall Street than finding a way to charge fees on the infrastructure that's supposed to cut out the middlemen?

TLDR

• Grayscale launched the first U.S. Chainlink ETF (GLNK) on NYSE Arca on Tuesday, converting from a private trust that operated since 2021.
• LINK price rose to $12.68, reflecting a 10% increase, with strong support at $12.00 and resistance levels at $13.50 and $15.00.
• The ETF uses a cash-only model and became the first product to offer ETF access to blockchain oracle networks.
• GLNK closed its first trading day at $11.89, up 5.8%, with volume reaching 1.17 million shares compared to an average of 42,000 shares.
• Grayscale followed the same trust conversion pathway used for its recent DOGE and XRP ETF launches last month.

Grayscale launched its Grayscale chainlink Trust ETF (GLNK) on NYSE Arca on Tuesday. The product became the first spot Chainlink exchange-traded product to reach the U.S. market.

The conversion shifted the vehicle from a private trust into an ETF holding Chainlink’s native cryptocurrency, LINK, as its sole asset. Grayscale filed an amended S-1 last month that set the structure for the newly listed product.

The debut marks Grayscale as the first to offer ETF access to the world of blockchain oracles. The spokesperson said it would help investors engage more directly with this critical LAYER of blockchain infrastructure.

Grayscale Chainlink Trust ETF (Ticker: $GLNK) with 0% fees is now trading¹.

The first @chainlink ETP in the U.S. — from Grayscale, the world's largest crypto-focused asset manager².

Gain exposure to $LINK, the Core infrastructure for connecting blockchains to the real world.… pic.twitter.com/CjoemYxyEI

— Grayscale (@Grayscale) December 2, 2025

Chainlink operates an oracle network designed to connect smart contracts on any blockchain to real-world data, events and off-chain computation. The network serves as infrastructure for synchronizing on-chain and off-chain information.

Price Movement Following Launch

LINK price ROSE to $12.68 at the time of reporting, reflecting a 10% increase. The price shows strong support at $12.00, with resistance levels at $13.50 and $15.00.

In this cycle, $LINK will reach the middle of the upper channel. pic.twitter.com/qp3wzkf7Yd

— CW (@CW8900) December 3, 2025

GLNK closed its launch day at $11.89, up 5.8%. After-hours trading lifted it to about $12, according to Yahoo Finance data.

Volume reached 1.17 million shares, far above its average of roughly 42,000. This indicated outsized first-day interest and active price discovery as the newly listed ETF transitioned from OTC markets to NYSE Arca.

Technical Indicators and Market Conditions

The MACD indicates an upward movement since the MACD line is above the signal line. The histogram is also green, which is an indicator of persistent purchasing.

#Chainlink $Link

On track!pic.twitter.com/bJdIu35Lnw

— FLASH (@THEFLASHTRADING) December 3, 2025

The Relative Strength Index (RSI) is 51.34, which means neutral market conditions. This indicates that the asset is not overbought or oversold.

Grayscale’s debut for its Chainlink ETF follows the same trust conversion pathway used in its Doge and XRP ETF launches late last month. Those products began trading on NYSE Arca after clearing similar procedural steps.

The SEC’s new listing standards, approved in September, played out as a key factor in enabling the asset manager to launch the product. Grayscale was able to rely on a pathway outlined by the SEC at the onset of the government shutdown to submit their filing for GLNK.

That MOVE triggered a 20-day window at the end of which the product became automatically effective. When asked about their assessment of early trading conditions, the Grayscale spokesperson said trading volume has been very positive.