Grayscale Investments has taken a major step toward launching the first U.S. Chainlink ETF, filing paperwork with the Securities and Exchange Commission on Monday to convert its existing Chainlink Trust into a spot exchange-traded fund. If approved, the fund would list on NYSE Arca under the ticker GLNK.
The filing details a possible staking feature, where LINK tokens could be staked via third-party providers, with rewards distributed to shareholders, reinvested, or sold to cover expenses depending on regulatory guidance. Coinbase Custody Trust Company is named as custodian. Grayscale’s Chainlink Trust, created in February 2026, currently manages about $29 million in assets.
The move follows the SEC’s approval of spot bitcoin and ether ETFs earlier this year, with Grayscale seeking to expand its single-asset offerings. Chainlink’s LINK token gained 3% following the news, part of a broader altcoin rally that lifted XRP, Solana, and Dogecoin. The SEC has yet to approve or reject Grayscale’s broader slate of ETF filings.
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