Grayscale expands altcoin push with SEC, filing for Chainlink ETF

Grayscale has taken a major step toward making Chainlink (LINK) a regulated ￰0￱ asset manager filed a Form S-1 with the ￰1￱ and Exchange Commission (SEC) to propose a spot Chainlink exchange-traded fund (ETF). If approved, the ETF would become one of the first in the ￰2￱ track LINK’s price ￰3￱ would trade on NYSE Arca under the ticker GLNK, with Coinbase Custody holding the fund’s ￰4￱ product would convert Grayscale’s existing Chainlink Trust into an ETF, allowing investors to gain exposure to LINK without purchasing the tokens ￰5￱ U. S.-based spot Bitcoin and Ethereum ETFs , the fund would enable share creations and redemptions in ￰6￱ also signaled that in-kind redemptions could be introduced in the future if regulators ￰7￱ expands its altcoin ETF push Grayscale’s recent Chainlink filing is not an ￰8￱ is part of a larger effort to expand beyond Bitcoin and Ethereum, which have led the ￰9￱ market up to ￰10￱ large asset manager has filed to launch ETFs linked to Avalanche (AVAX), Dogecoin (DOGE), Litecoin (LTC), Solana (SOL), and XRP in recent ￰11￱ of these products are intended to allow conventional investors to access popular altcoins without having to hold the tokens ￰12￱ already demonstrated that this model could ￰13￱ early 2024, it converted its flagship Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) into spot ETFs following a protracted fight with the ￰14￱ approvals paved the way for altcoins, and Grayscale is now rushing in to build out its ￰15￱ competition is ￰16￱ also submitted its application for a Chainlink ETF in August of 2025, suggesting that institutional demand for LINK is ￰17￱ contrast, other asset managers are trying to move quickly to shed a first-mover ￰18￱ (traded in the U.

S.), 21Shares (over in Europe), Franklin Templeton (Ireland), and REX Shares (U. S.) all have open applications for ETFs linked to various tokens, including Cardano (ADA), Polkadot (DOT), Hedera (HBAR), and Solana (SOL). Industry analysts say this new wave of filings marks a new chapter for the crypto ￰19￱ have expanded their focus beyond Bitcoin and ￰20￱ seek diversified exposure to the infrastructure underpinning decentralized finance, payments, and blockchain ￰21￱ drives growth in DeFi Chainlink is a decentralized oracle ￰22￱ links blockchains to information outside the digital universe, such as asset prices and external ￰23￱ is crucial for smart contracts and decentralized finance (DeFi).

The LINK token compensates node operators and secures the ￰24￱ month, Chainlink also unveiled a LINK strategic reserve to advance long-term growth and stability, funded by on-chain and off-chain ￰25￱ a spot ETF, Grayscale hopes to provide LINK to a wider base of investors, from institutions to retail traders, without the hassles of tech and the expertise in holding and storing ￰26￱ filing arrives during a spate of crypto ETF filings at the ￰27￱ Trump administration has signaled a more favorable position toward digital assets than the preceding Biden ￰28￱ might also be a positive catalyst for other products to be approved, outside of Bitcoin and ￰29￱ up to Bybit and start trading with $30,050 in welcome gifts