Grayscale’s GLNK to Convert to Spot Chainlink ETF; LINK Tumbles 11% on Technical Breakdown
first published 2025-12-01T05:13:18Z
Grayscale will convert its late-2020 Chainlink trust into the US’s first spot Chainlink (LINK) ETF, with ETF analysts indicating a likely Dec. 2 listing. The ETF will track the spot price of LINK plus returns from staking. A competing spot LINK ETF from Bitwise is pending. The launch follows recent SEC momentum approving spot crypto ETFs (including SOL, XRP, DOGE) and Grayscale’s recent spot XRP and DOGE ETF launches.
AI Analysis
Grayscale is converting an existing LINK trust into a spot ETF that tracks spot LINK plus staking returns and is likely to list Dec. 2; a competing Bitwise product is pending and the move occurs amid recent SEC approvals for other spot crypto ETFs — these are concrete product and timing details that could influence LINK demand in the short term.
Impact: Significant
Sentiment: Neutral
Source Articles
- Grayscale to launch US's first spot Chainlink ETF via trust conversion - Cointelegraph
- First Spot Chainlink ETF Set to Launch This Week - Coinpedia
- Ethereum's Fusaka Upgrade, Grayscale Chainlink Trust: Crypto Week Ahead - CoinDesk
- Top Altcoin to Buy in December 2025: Opportunities Emerging After Market Shakeout - Coinpedia
- Grayscale to launch US’s first spot Chainlink ETF via trust conversion - Cointelegraph
- Chainlink's LINK Slides 11% as Technical Breakdown Overshadows ETF Launch News - CoinDesk
