Grayscale launches the first Chainlink ETF in the US
Investors will have access to LINK through a regulated fund structure for the first time.
01.12.2025 - 11:30
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Key points:
- Grayscale is launching the first Chainlink ETF in the US by converting its private LINK fund into a public investment product.
- Bloomberg analysts point to December 2 as the fund’s launch date, noting that the market is preparing for a wave of new crypto ETFs.
- Amid regulatory changes, competition is intensifying: Bitwise is also preparing its own Chainlink ETF.
According to Nate Geraci, the co-founder of the ETF Institute, Grayscale plans to launch the first Chainlink-related ETF in the United States this week.
On X, Geraci noted that the product is a conversion of the Chainlink private trust into a fully tradable ETF. This will be the first time that US investors will be able to access LINK through a regulated fund.
Senior ETF analyst Eric Balchunas said the launch is expected on December 2. He cited internal listing data showing that Grayscale’s product is in the final stages of approval.
Balchunas added that more than 100 new digital asset-based ETFs could launch in the US in the next six months. At least five such funds are expected to launch in the coming days alone.
New product amid regulatory changes
The launch of the ETF is linked to recent regulatory changes in Washington, which have softened the authorities’ attitude towards cryptocurrency-based investment products.
The Grayscale Chainlink ETF will be created by converting the LINK private fund, which was launched at the end of 2020, into a public fund.
Like other similar products from the company, the ETF will track the spot price of LINK and include staking income, if permitted.
Increased competition in the market
The launch took place against a backdrop of growing competition. Bitwise is also preparing its own LINK-based ETF, opening up the market to competition for investors interested in tokens linked to oracle technologies.
In November, Canary Funds filed Form 8-A with the SEC to launch the XRP Trust fund, which could become the first spot ETF on XRP in the US.
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