Grayscale Launches 3rd ETF: Spot Chainlink Fund With Staking Hits Market
Grayscales is looking to turn its Chainlink Trust into a fully tradable spot Chainlink ETF (GLNK). This will give investors a regulated...
Quick overview
- Grayscale is converting its Chainlink Trust into a fully tradable spot Chainlink ETF (GLNK), allowing regulated access to LINK through NYSE Arca.
- This marks Grayscale's third ETF launch in two weeks, reflecting increasing institutional interest in Chainlink as it gains prominence in the crypto ecosystem.
- The GLNK ETF will offer investors staking rewards alongside price movement participation, although its staking feature has drawn regulatory scrutiny.
- Institutional adoption of Chainlink is on the rise, with notable firms integrating LINK into their treasury strategies and multi-chain initiatives.
Grayscales is looking to turn its Chainlink Trust into a fully tradable spot Chainlink ETF (GLNK). This will give investors a regulated way to buy into LINK through the NYSE Arca. The approval for this uplisting has come courtesy of ETF analyst Nate Geraci – a significant milestone for the asset manager.
This is Grayscale’s third ETF launch in just two weeks, following ones tied to XRP and Dogecoin. This move comes at a time when we are seeing much more institutional interest in Chainlink, which is a good sign for the token as it takes on a bigger role in the broader crypto ecosystem.
The conversion is the result of a registration statement filed in late September. This turned into an S-1 submission, and once listed, GLNK will give investors a combination of staking rewards and the chance to participate in Chainlink’s price movements – something that not many competing ETFs can offer.
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
Staking Feature Draws Regulatory Scrutiny
What really sets Grayscales GLNK ETF apart is the staking component. This lets investors earn network rewards while holding LINK. But this feature has also got some regulators looking at it with interest – the SEC is still trying to figure out how yield-related practices work in digital asset funds.
- For comparison, Bitwise’s CLNK ETF lacks staking and is already listed on the DTCC registry.
- GLNK’s unique structure appeals to investors seeking both capital gains and a steady income from crypto staking.
- But there are still regulatory questions about integrating staking into traditional ETF frameworks.
Grayscales researchers Zach Pandl and Michael Zhao have written a report called “The Link Between Worlds,” which highlights LINK’s role as the leading asset in the Utilities & Services crypto sector, describing it as a “picks and shovels” tool for on-chain finance. And LINK is also the largest non-Layer 1 token by market capitalisation, positioning it as a key infrastructure asset well-suited to institutional use.
Institutional Adoption on the Rise
We are seeing a lot more institutional adoption of Chainlink. In August, US firm CaliberCos began trading LINK as part of its corporate treasury strategy, including both long-term holdings and staking rewards.
INTEL: Grayscale to launch the first U.S. spot Chainlink ETF $GLNK this week, following the conversion of its existing $LINK trust into an ETF structure
— Solid Intel 📡 (@solidintel_x) December 1, 2025
Also in June, Chainlink supported a digital currency pilot in Hong Kong, testing tokenized value transfers between Hong Kong and Australia via the Cross-Chain Interoperability Protocol (CCIP). And World Liberty Financial has been using CCIP to expand cross-network functionality.
- All this LINK adoption is a clear sign that institutions are placing much greater faith in decentralized oracle networks.
- The fact that it’s being used in corporate treasuries and multi-chain initiatives is also a strong sign of its utility beyond retail trading.
- And this ETF launch positions Grayscales well to capitalize on both retail and institutional demand for LINK exposure.
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