Grayscale’s Chainlink ETF Debuts on NYSE Arca, LINK Jumps 8%
Chainlink’s native token, LINK, surged 8% to $13.06 Tuesday following the U.S. debut of Grayscale’s exchange-traded fund (ETF) tied to the asset. Trading under the ticker GLNK, the fund gives investors regulated access to Chainlink through traditional brokerage accounts and is the first U.S. ETF dedicated to LINK.
Chainlink’s decentralized oracle network delivers off-chain data—such as prices, weather, and election results—to smart contracts and enables separate blockchains to communicate. Its technology underpins DeFi, NFTs, gaming, and other on-chain markets, securing tens of billions in value, according to Grayscale.
GLNK holds LINK on behalf of shareholders but is not governed by the Investment Company Act of 1940, meaning it lacks some protections of traditional ETFs.
LINK’s gain comes after a 39% decline since January, reflecting broader crypto market losses. Initially launched as a private placement in 2021 and later listed on OTC Markets in 2022, the NYSE Arca listing now makes the fund more accessible to retail and institutional investors.
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