Grayscale Launches Chainlink Trust ETF on NYSE Arca as LINK Price Surges

In a significant development for the cryptocurrency market, Grayscale Investments has successfully listed its Chainlink Trust (GLNK) on the NYSE Arca exchange. This new investment vehicle provides institutional and accredited investors with a regulated way to gain exposure to LINK, the native token of the Chainlink decentralized oracle network, without the complexities of direct custody. The listing announcement triggered immediate positive momentum for LINK's market value. Following the news, the price of Chainlink (LINK) experienced a notable jump, reflecting heightened investor confidence and increased demand. Analysts view this ETF launch as a major step towards mainstream adoption for Chainlink, highlighting its growing importance within the decentralized finance (DeFi) and broader blockchain infrastructure landscape. Grayscale's move expands its suite of single-asset investment products and signals continued institutional interest in leading crypto assets beyond Bitcoin and Ethereum. The Chainlink Trust operates similarly to Grayscale's other products, holding LINK tokens and offering shares that track the asset's performance.