Grayscale Launches First Spot Chainlink ETF with Staking Feature

Grayscale has received regulatory approval to launch its first spot Chainlink exchange-traded fund (ETF), offering investors direct exposure to the LINK cryptocurrency. The GLNK ETF, which will be listed on NYSE Arca, incorporates a unique staking feature, allowing holders to earn rewards while participating in the Chainlink network. This marks Grayscale’s third crypto product launch in two weeks following similar funds for XRP and Dogecoin.