Grayscale’s Chainlink ETF Launch Sends LINK Up 8%
Chainlink’s native token, LINK, surged 8% Tuesday to $13.06 following the U.S. debut of Grayscale’s exchange-traded fund (ETF) tied to the asset. Trading under the ticker GLNK, the fund offers investors regulated exposure to Chainlink through traditional brokerage accounts, marking the first U.S. ETF dedicated to LINK.
Chainlink’s decentralized oracle network feeds off-chain data—such as prices, weather, and election results—into smart contracts and enables communication between blockchains. Its technology supports DeFi, NFTs, gaming, and other on-chain markets, securing tens of billions in value, according to Grayscale.
The ETF holds LINK on behalf of shareholders but is not governed by the Investment Company Act of 1940, so it lacks some protections of traditional ETFs.
LINK’s rebound comes after a 39% drop since January, reflecting broader crypto market declines. Initially launched as a private placement in 2021 and later listed on OTC Markets in 2022, GLNK’s debut on NYSE Arca now makes it accessible to both retail and institutional investors.
