Grayscale’s Chainlink ETF (GLNK) Lists on NYSE Arca, LINK Price Jumps

Grayscale's exchange-traded fund (ETF) tied to Chainlink, trading under the ticker GLNK, has listed on the NYSE Arca, marking the first U.S. ETF dedicated to tracking the LINK token. Following the debut, LINK's price rose 8% to $13.06 on Tuesday. Chainlink's decentralized oracle network is crucial for feeding offchain data to smart contracts and enabling communication between different blockchains, securing tens of billions of dollars in value across DeFi and gaming. The GLNK ETF offers investors regulated access to Chainlink, though it holds LINK on behalf of shareholders and does not fall under the 1940 Investment Company Act, meaning it lacks some traditional ETF consumer protections. This listing moves the fund from an OTC market venue to a more accessible platform for both institutional and retail investors, following a year where LINK had seen significant losses.

(Source：CoinDesk)