Grayscale to Launch First U.S. Spot Chainlink ETF This Week

Summary:
Grayscale is poised to launch the first spot exchange-traded fund (ETF) for Chainlink (LINK) in the United States, with the launch potentially occurring as soon as this week. This initiative will transform Grayscale’s private Chainlink trust into a listed ETF, giving U.S. investors direct access to LINK.

Key Takeaways

Grayscale is launching the first Chainlink spot ETF in the U.S., converting an existing private trust.
The launch is expected shortly and could align with predictions of over 100 new crypto-linked ETFs.
The ETF will track LINK's spot price and may incorporate staking returns.
Growing interest in altcoin ETFs is evident, with successful launches for funds like Solana and XRP in recent weeks.
This article serves as informational content and does not constitute financial advice.

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Upcoming Launch of Grayscale's Chainlink ETF

Grayscale is preparing to unveil the first-ever spot exchange-traded fund (ETF) for Chainlink (LINK) in the United States, possibly as soon as this week. This new fund will change Grayscale's existing private Chainlink trust into a fully-listed ETF. As a result, U.S. investors will be able to obtain direct exposure to LINK through a regulated investment vehicle. Nate Geraci, co-founder of ETF Institute, highlighted this development in a recent tweet.

Timeline for the ETF Launch and Market Background

The anticipated launch is consistent with a projection made by Bloomberg Intelligence on December 2. Senior analyst Eric Balchunas noted that internal listing data suggests the product is primed for imminent approval.

Balchunas also predicts that the U.S. market may see more than 100 new crypto-linked ETFs introduced over the next six months, with at least five spot crypto ETFs likely to begin trading shortly. This increase in activity comes after a year of regulatory changes in Washington that have reduced barriers to crypto investment products, fostering an environment more conducive to the mainstream adoption of digital asset funds.

Grayscale’s Chainlink ETF Structure

Grayscale’s Chainlink ETF will be established by converting its original LINK trust, which was initiated in late 2020, into a publicly traded asset. Furthermore, the ETF will track the spot price of LINK and may include staking returns wherever regulations permit.

This venture puts Grayscale in direct competition with Bitwise, another investment firm that is also working on a Chainlink ETF. Analysts believe that the competition will attract retail and institutional investors interested in the oracle-focused token.

Grayscale has previously emphasized Chainlink’s crucial role as a link between blockchain technology and traditional financial systems, providing essential data feeds, pricing information, and settlement triggers for both crypto and traditional finance platforms.

Surge in Altcoin ETFs

The arrival of the Chainlink ETF coincides with growing enthusiasm for altcoin-focused ETFs. Recently, funds related to Solana, XRP, and Dogecoin have been launched, with even more XRP and Dogecoin ETFs debuting this week.

Early performance indicates a strong demand from investors. The Canary Capital XRP ETF (XRPC) attracted $245 million in net inflows on its first day, marking the largest opening-day total for any ETF so far in 2025. Similarly, the Bitwise Solana Staking ETF (BSOL) garnered over $660 million in assets within just three weeks, without experiencing any outflows.

Additionally, Grayscale's XRP and Dogecoin ETFs began trading last Monday, and Bitwise also launched a Dogecoin ETF, highlighting the increasing desire among investors for regulated altcoin exposure.

Disclaimer: This information is intended for educational purposes only and is not financial advice. The views expressed in this article are solely those of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.