Chainlink gets its first ETF as Grayscale’s GLNK set to begin trading
Grayscale launched its Chainlink Trust ETF (GLNK) on NYSE Arca, marking the first ETF tracking Chainlink's value.Summary
Grayscale Investments has launched the Grayscale Chainlink Trust ETF, trading under the ticker GLNK on NYSE Arca, which is the first exchange-traded fund to track the value of Chainlink. Inkoo Kang, SVP of ETFs at Grayscale, stated that the ETF allows investors to gain exposure to Chainlink's foundational infrastructure in a familiar ETP wrapper, noting its role in setting standards for verifiable data and cross-chain connectivity. The ETF conversion stems from the Grayscale Chainlink Trust, a private fund holding over $17 million in assets under management. Chainlink (LINK) is a major oracle network connecting blockchains to external data, utilized by DeFi protocols, institutions, and governments. Grayscale emphasized Chainlink's critical position as the "connective tissue of Web3" amid growing momentum in tokenization and DeFi. This launch follows Grayscale's recent debut of other crypto ETFs, including those for XRP and Dogecoin, and the firm is also seeking approval for a Zcash ETF.
(Source：The Block)