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Grayscale to Launch First US Spot Chainlink ETF This Week

Grayscale is preparing to introduce the first US spot Chainlink ETF through a conversion of its existing trust, positioning the firm ahead of competing issuers.

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Grayscale is expected to launch the first US spot Chainlink ETF this week, according to industry analysts tracking upcoming digital asset fund listings. The product will convert the existing Grayscale Chainlink Trust, which was formed in 2020, into an ETF structure that tracks the spot price of LINK and includes staking-related returns. Analysts note that the approval environment has broadened in recent months as regulators have allowed a wider mix of crypto asset ETFs to enter the market.

The launch aligns with projections from market researchers who have highlighted a pipeline of new digital asset products expected to reach exchanges in the near term. Competing issuers, including Bitwise, also have Chainlink ETF applications pending, reflecting growing institutional efforts to build diversified portfolios of crypto-linked instruments. The accelerated pace of approvals has followed changes in regulatory leadership earlier this year.

Grayscale has signaled a constructive stance on Chainlink’s role in connecting blockchain networks with traditional financial infrastructure. The firm has expanded its product suite with additional spot ETFs tied to major digital assets, including XRP and Dogecoin, reflecting broader momentum in the US market for regulated crypto exposure.

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