Overview
- Ticker GLNK began trading on Dec. 2 as the first U.S. spot Chainlink ETF, converting Grayscale’s multi‑year private trust into a listed product on NYSE Arca.
- First‑day turnover reached about 1.17 million shares, far above prior averages, as LINK climbed roughly 8%–12% during the debut session.
- The fund holds LINK as its sole asset, employs cash‑only creations, and is not registered under the Investment Company Act of 1940.
- Grayscale attributed the expedited path to new SEC listing standards and a shutdown‑era process that allowed its amended registration to become effective.
- Bitwise is preparing a competing Chainlink ETF, with investors weighing mixed results from recent altcoin ETF launches and lingering market volatility following November sell‑offs.