Grayscale Files with SEC to Convert Chainlink Trust Into Spot ETF

TheCryptoTimesОпубліковано о 2025-09-08Востаннє оновлено о 2025-09-08

Grayscale Investments has filled a form S-1 with U.S. Securities and Exchange Commission (SEC) to change its Grayscale Chainlink Trust into a spot Chainlink (LINK) exchange-traded fund (ETF). If accepted, the ETF would be listed on the NYSE Arca with the symbol GLNK, providing reliable information

The document, which was sent on September 8, 2025, describes a plan to give buyers direct access to the price of LINK, within staking option. Like other spot Bitcoin and Ethereum ETFs, the Grayscale Chainlink Trust ETF would originally handle purchases and sales in cash, with Coinbase Custody Trust Company acting as the custodian. The current Grayscale Chainlink Trust is in charge of more than $28 million in assets.

A Growing Trend for Crypto ETFs

Grayscale’s move is part of a broader industry trend that has seen asset managers like 21Shares, Bitwise, Franklin Templeton, and VanEck seek regulatory approval for a variety of crypto-based investment products. This wave of applications suggests a growing confidence among financial institutions in regulation

The filing also follows Chainlink’s recent launch of a strategic reserve on August 7, 2025, designed to support the network’s long-term growth by accumulating LINK from on-chain and off-chain revenue. Chainlink Co-Founder Sergey Nazarov stated the reserve “provides a clear answer to how offchain revenue and large-scale institutional adoption of the Chainlink standard will be connected back to the growth, security and sustainability for those standards.”

Following the news of the ETF filing, the price of LINK increased by approximately 5%, trading at around $23.14 according to CoinMarketCap.

The suggested spot Chainlink ETF is a big step toward digital assets other than Bitcoin and Ethereum becoming widely used. If accepted, Web3’s gold -oracle services that link blockchains to real-world data – will have its access democratized to people invest both easier and safer.

Adding a possible staking component could also set a new standard for crypto ETFs by adding a yield-generating feature that could draw a wider range of investors looking for returns other than price growth. People will be very interested in this filing because it could show how the SEC feels about different types of crypto-asset investments.

Also Read: Caliber Shares Surge 80% as It Announces Chainlink Treasury Plan

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