Grayscale Investments is set to launch its first U.S.-based spot Chainlink (LINK) Exchange-Traded Fund (ETF) this week, converting its existing LINK trust into a publicly traded ETF. Investors can now gain direct exposure to LINK without managing wallets or private keys. This marks Grayscale’s continued expansion into regulated digital asset products.
The new ETF tracks the spot price of LINK and generates additional returns through staking. This follows Grayscale’s successful launch of similar spot ETFs for Bitcoin, Ethereum, XRP, and Dogecoin. The company is also working to convert its Zcash Trust into a spot ETF, with filings submitted last month.
Institutional demand for Chainlink is expected to drive this ETF’s success, according to analysts. The fund has already accumulated over $17 million in assets under management at a 2.5% annual fee. The news has also spurred additional LINK ETFs from Bitwise to appear on DTCC listings, further signaling the increasing demand for regulated crypto products.
Despite the ETF launch, LINK prices have dipped about 7% today to $12.21, reflecting broader market volatility. The recent volume surge, however, indicates growing investor interest and potential for a rebound if bullish technical patterns emerge.
Disclaimer: This article provides general market commentary and does not constitute investment advice. It is crucial to conduct your own research before making investment decisions.