First Chainlink ETF set to begin trading on Tuesday as exchange signs off on Grayscale’s LINK fund
The first Chainlink ETF, converting Grayscale's Chainlink Trust, is approved to start trading on the NYSE Arca this Tuesday.Summary
The first exchange-traded fund (ETF) tracking Chainlink is scheduled to commence trading on Tuesday on the New York Stock Exchange's subsidiary, NYSE Arca. NYSE Arca certified the listing and registration for the conversion of the Grayscale Chainlink Trust ETF Shares, as detailed in a Monday filing. Chainlink is an oracle network connecting blockchains to external data, and its token, LINK, is among the top 25 cryptocurrencies by market capitalization. This launch follows the recent introduction of several other crypto ETFs in the U.S., including those for Litecoin, XRP, and SOL, with Grayscale converting several of its trusts to ETPs. The article also notes a shift in the regulatory environment, suggesting that under the current SEC Chair Paul Atkins, the SEC is providing more clarity and approving listing standards that allow certain digital asset ETFs to begin trading more quickly.
(Source：The Block)