Grayscale Launches Chainlink ETF on NYSE Arca, LINK Rises 8%
Chainlink’s native token, LINK, jumped 8% Tuesday to $13.06 following the U.S. debut of Grayscale’s exchange-traded fund (ETF) tied to the asset. Trading under the ticker GLNK, the fund provides regulated access to Chainlink via traditional brokerage accounts and is the first U.S. ETF dedicated to LINK.
Chainlink’s decentralized oracle network feeds off-chain data—like prices, weather, and election results—into smart contracts and enables separate blockchains to communicate. This functionality has made it essential in DeFi, NFTs, gaming, and other on-chain markets, securing tens of billions in value, according to Grayscale.
GLNK holds LINK on behalf of shareholders but is not governed by the Investment Company Act of 1940, so it lacks some protections of traditional ETFs.
LINK’s rise comes after a 39% decline since January, mirroring broader market losses. Initially launched as a private placement in 2021 and listed on OTC Markets in 2022, the NYSE Arca debut now makes the fund accessible to both retail and institutional investors.
