Grayscale Seeks Approval for Spot Chainlink ETF, Aiming to Democratize Web3 Oracles

Grayscale Investments has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to convert its Grayscale Chainlink Trust into a spot Chainlink exchange-traded fund (ETF). If approved, this would provide investors with direct access to the price of LINK through a trading platform on the NYSE Arca under the symbol GLNK. Similar to existing Bitcoin and Ethereum ETFs, the new ETF will initially handle purchases and sales in cash, while Coinbase Custody Trust Company will act as its custodian.