After years of anticipation, the altcoin ETF wave has finally landed with the launch of a spot LINK ETF on the New York Stock Exchange. This marks a significant milestone as it’s the first-ever such ETF to track Chainlink’s price. 17 million in assets under management (AUM) are now available for investors through Grayscale’s newly launched Grayscale Chainlink Trust ETF (GLNK). Grayscale claims this launch offers a more accessible way to invest in the infrastructure behind Chainlink, particularly its role in connecting blockchains and enabling DeFi. Notably, this move comes after Grayscale has already launched ETFs for XRP, Dogecoin, and Solana, with plans to launch an ETF for Zcash (ZEC) pending SEC approval. This news follows the US Department of Commerce’s recent partnership with Chainlink to integrate macroeconomic data into blockchain networks via oracle providers. Deutsche Börse Group further strengthened this connection by partnering with Chainlink, highlighting the growing significance of blockchain technology in financial markets. 0% commission fees are available for investors.