Grayscale to Launch First Spot Chainlink (LINK) ETF This Week

Grayscale’s Chainlink Trust is set to convert into a fully tradable spot exchange-traded fund this week. ETF analyst Nate Geraci shared on X that this marks the industry’s first spot LINK ETF.

The development will allow the trust to list on NYSE Arca, giving market participants regulated access to Chainlink’s flagship crypto through a traditional investment vehicle. The move comes after Grayscale submitted an S-1 registration filing in late September to begin the conversion process.

Set to launch this week…

First spot link ETF.

Grayscale will be able to uplist/convert Chainlink private trust to ETF. pic.twitter.com/i7z0WAKKvC

— Nate Geraci (@NateGeraci) December 1, 2025

Growing ETF Momentum

If the launch proceeds as expected, it will be Grayscale’s third product release in fewer than two weeks. On November 24, the firm introduced two new products, including the Dogecoin ETF with ticker GDOG and the XRP ETF under the ticker GXRP.

The pace aligns with broader expectations for a wave of new crypto ETFs entering the market. Bloomberg senior ETF analyst Eric Balchunas projected December 2 as the expected launch date for Grayscale’s LINK ETF. He also noted last week that there could be more than 100 spot crypto ETFs entering the market over the next six months.

LINK’s Market and Utility

Grayscale has shown continued interest in Chainlink’s role in blockchain infrastructure. In a recent research report titled “The Link Between Worlds,” the firm described Chainlink as a “critical connective tissue” between traditional finance and crypto.

The report, authored by Zach Pandl and Michael Zhao, highlighted how LINK supports tokenization. The token provides services that help institutions access digital asset networks. The report identified LINK as the largest asset in the utilities and services sector, highlighting its role in on-chain finance.

Analysts framed LINK as the leading non-Layer 1 asset by market capitalization. They described it as the “picks and shovels” of blockchain applications, underlining its key role in powering decentralized systems.

Institutional Interest in LINK

Interest in LINK has been growing among institutions in recent months. In August, CaliberCos became one of the first U.S. companies to publicly declare LINK as part of its corporate treasury strategy.

The company’s digital asset approach includes both a long-term position in LINK and participation in network staking activities. This move reflects a broader trend of businesses exploring utility tokens in corporate finance.

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