Grayscale is converting its private Chainlink trust into the first publicly traded spot Chainlink ETF in the United States, with listing expected within days.
Product Details
The ETF will provide direct exposure to LINK’s spot price and may include staking rewards where regulations allow. Grayscale has operated the underlying trust since late 2020, giving it an established track record ahead of the public launch.
Bloomberg Intelligence forecasts regulatory approval this week, according to ETF Institute co-founder Nate Geraci, who called the conversion a significant milestone for U.S. crypto investment products.
Competitive Landscape
Grayscale faces competition from Bitwise, which is also preparing a Chainlink fund. Both firms are positioning to capture demand for regulated oracle token exposure as single-asset crypto ETFs gain momentum.
Recent altcoin ETF launches demonstrate strong investor appetite:
- Canary Capital’s XRP ETF (XRPC): $245M first-day inflows
- Bitwise Solana Staking ETF (BSOL): $660M+ raised in weeks
Market Implications
The Chainlink ETF launch reflects the broader institutionalization of crypto markets. Regulated products with audited reporting and exchange liquidity appeal to institutions requiring compliance frameworks, while also serving retail investors who prefer brokerage-based access over direct token purchases.
Analysts expect continued expansion of crypto ETF offerings as regulatory precedent strengthens and institutional comfort with blockchain assets grows.
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