The Chainlink ETF recorded $9.8 million in buying and selling quantity on its first day with shares closing up roughly 6%
NYSE Arca’s mum or dad firm Intercontinental Alternate started supplying market knowledge to Chainlink in August 2025
Grayscale waives the 0.35% administration charge till March 2026 or till belongings attain $1 billion
Dec. 3 (Crypto-Information.Internet) – Grayscale Investments launched the primary U.S. Chainlink ETF on NYSE Arca on Monday. The fund, referred to as Grayscale Chainlink Belief ETF and buying and selling beneath ticker GLNK, tracks Chainlink, a blockchain community that connects sensible contracts to real-world knowledge.
Nonetheless, the product is structured as an exchange-traded product moderately than a conventional ETF with full investor protections beneath the Funding Firm Act. Coinbase Custody Belief Firm holds the fund’s LINK tokens, in keeping with the official press launch.
“GLNK joins our rising lineup of single-asset crypto ETPs as we proceed to develop entry to rising crypto belongings by way of a trusted ETF wrapper,” Inkoo Kang, senior vice chairman of ETFs at Grayscale, mentioned within the launch.
Why This Chainlink ETF Itemizing Is Totally different
Notably, NYSE Arca is operated by Intercontinental Alternate (NYSE: ICE), which introduced a partnership with Chainlink on Aug. 11, 2025. Below that settlement, ICE provides market knowledge from over 300 world exchanges to Chainlink’s community for distribution to greater than 2,000 functions, in keeping with the PRNewswire announcement.
As well as, Fernando Vazquez, president of capital markets at Chainlink Labs, mentioned the ICE collaboration indicators “a pivotal shift in direction of a unified, globally accessible onchain monetary system” within the August announcement. The GLNK itemizing makes this Chainlink ETF the primary past Bitcoin and Ethereum the place the itemizing change’s mum or dad firm is already a business associate of the underlying community.
The partnership displays Chainlink’s rising institutional attain. The community secured $100 billion in belongings throughout decentralized finance functions as of September 2025, up from $38 billion in 2024. By comparability, the Chainlink ETF launched with between $15.5 million and $27.87 million in belongings beneath administration.
GLNK Historical past and Charge Construction
Initially, GLNK began as a personal funding fund in February 2021 earlier than transferring to over-the-counter buying and selling in Could 2022. The conversion to a listed ETF follows an SEC registration submitting in November 2025.
Grayscale set the administration charge at 0.35% however is waiving it solely till March 2, 2026. Alternatively, the waiver ends if the fund reaches $1 billion in belongings first. Equally, the charge waiver mirrors Grayscale’s XRP ETF launch in November 2025, a part of the corporate’s technique to draw early buyers to new merchandise. Traders can study extra about the best way to spend money on crypto by regulated autos.
Chainlink ETF Buying and selling and Opponents
Following the launch, LINK rose between 8% and 13% on Dec. 2, reaching costs above $13. In the meantime, Bitcoin gained roughly 1% throughout the identical session.
In buying and selling, GLNK shares closed at $11.89, up roughly 6% on the day, with buying and selling quantity reaching $9.8 million throughout roughly 1.17 million shares.
Individually, Bitwise Asset Administration filed for its personal Chainlink ETF in August 2025. That product appeared on a pre-launch checklist in November 2025 however had not but begun buying and selling when Grayscale’s fund launched. Grayscale, issuer of the brand new Chainlink ETF, manages roughly $35 billion in digital belongings throughout its product lineup.
Reporting and enhancing by Zoran Spirkovski
