Grayscale Launches First US Chainlink ETF on NYSE Arca, LINK Surges Amid Investor Buzz

Grayscale Investments, one of the leading digital asset management firms that offers multiple investment products, has officially launched the first spot Chainlink exchange-traded product in the United States market. The Grayscale Chainlink ETF began trading on the NYSE Arca on Tuesday under the GLNK ticker.

Grayscale Chainlink Trust ETF (Ticker: $GLNK) with 0% fees is now trading¹.

The first @chainlink ETP in the U.S. — from Grayscale, the world's largest crypto-focused asset manager².

Gain exposure to $LINK, the core infrastructure for connecting blockchains to the real world.… pic.twitter.com/CjoemYxyEI

— Grayscale (@Grayscale) December 2, 2025

The latest information suggests that the product issuer has set a 0.35% management fee for three months until the total assets under management reach $1 billion. Following news of the first spot Chainlink ETF launch in the United States, LINK, the official cryptocurrency of Chainlink, has experienced positive momentum. According to the latest market data, LINK surged more than 10% after the launch and is currently trading at $14.28.

Previously, Grayscale offered Chainlink market exposure to LINK through a private fund, but now, they have converted that trust into a publicly traded ETF. From now on, investors can buy or sell GLNK’s shares through brokerage accounts, similar to stock or a traditional fund. Through the newly launched Chainlink ETF, investors can gain exposure to Chainlink’s price movements without owning or storing the crypto directly. Inkoo Kang, SVP, ETFs, at Grayscale, commented that Chainlink’s decentralized oracle network was setting the market standard for verifiable data and cross-chain connectivity that underpinned tokenization and DeFi across public blockchains. He added that with GLNK, investors could gain exposure to this foundational infrastructure in the familiar ETP wrapper. 

The broader cryptocurrency market is recovering from a weekly loss, and LINK has also made substantial gains over the past two days. LINK is currently valued at $14.28 and is up by 17.5% over the past 24 hours. The launch of the Grayscale Chainlink ETF boosted LINK’s institutional demand, and the ETF saw 1.17M shares traded on day one, attracting both institutional and retail investors. According to the latest market analysis of LINK, whales are accumulating LINK ahead of possible ETF-driven liquidity, and its reduced exchange supply lowers immediate sell pressure. 

The launch of the Grayscale Chainlink ETF marks a new trend in the cryptocurrency landscape of the United States. Introducing infrastructure-layer assets like Chainlink, alongside major crypto assets such as BTC and ETH, helps broaden institutional adoption and strengthen blockchain technology adoption. Experts believe that this kind of move could encourage more regulated crypto funds to emerge, making it easier for pension and mutual funds.

Grayscale Chainlink ETF is Available Without the Staking Feature!

The recent launch of the first spot Chainlink exchange-traded product in the United States is without a staking feature. The asset management firm has failed to announce a staking provider despite enhanced interest in staking. The experts’ analysis concludes that a proposal was included when Grayscale filed to convert its private Chainlink trust into a spot-price ETF. The proposal was to include the provision to stake LINK holdings through third-party staking providers and provide staking rewards to the investors’ fund. Currently, the ETF does not engage in staking, and the “Staking Condition”, the fund structure that allows for the possibility of staking under the Trust Agreement, has not been satisfied. 

At the moment, the institutional and retail investors who buy the shares of GLNK will not get a staking option and staking rewards; they will only get exposure to LINK’s price movements until the asset management firm enables staking. The official press release from Grayscale explicitly states that GLNK is currently offering investors a way to receive exposure to LINK, the crypto token associated with Chainlink’s decentralized oracle platform. Investors hope for the staking provision, and experts believe that the firm will deliver the features sooner than expected.

The official press release asserted that GLNK, an exchange-traded product, was not registered under the Investment Company Act of 1940 (the “40 Act”) and therefore was not subject to the same regulations and protections as 40 Act-registered ETFs and mutual funds.