According to announcements from Nate Geraci, co-founder of the ETF Institute, Grayscale is preparing to launch the United States' first spot Chainlink exchange-traded fund (ETF) this week.
The ETF will be created through the conversion of Grayscale's existing Chainlink Trust, formed in late 2020, allowing investors to gain regulated exposure to LINK's spot price and staking returns.
Bloomberg Senior ETF Analyst Eric Balchunas has predicted the launch date to be December 2, aligning with Geraci's statements. Balchunas also foresees a "steady supply" of over 100 crypto ETFs in the next six months, indicating a broader trend of regulatory acceptance.
Grayscale has expressed strong confidence in Chainlink, describing it in a research report as a "critical connective tissue" between cryptocurrency and traditional finance.
This development follows the SEC's changing leadership, which has greenlit ETFs for various cryptocurrencies including Solana (SOL), XRP (XRP), and Dogecoin (DOGE), with Grayscale having recently launched spot XRP and DOGE ETFs.
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