Grayscale is set to roll out the first U.S. spot exchange-traded fund linked to Chainlink as early as this week, according to Nate Geraci, co-founder of the ETF Institute.
Key points to remember:
- Grayscale plans to launch the first Chainlink spot ETF in the United States this week, converting its LINK private trust into an exchange-traded fund.
- Bloomberg Intelligence analyst Eric Balchunas expects the ETF to debut on December 2.
- The launch comes as competition heats up, with Bitwise preparing a rival LINK ETF.
In an article on
Bloomberg Intelligence Tips Launching December 2
The launch schedule matches Bloomberg Intelligence estimates.
ETF senior analyst Eric Balchunas indicated Dec. 2 as the expected launch date, citing internal quotes data that shows Grayscale’s product is awaiting approval in the near term.
Balchunas also warned that this is just the beginning. He recently said the US market could see a wave of more than 100 new digital asset-related ETFs over the next six months, adding that at least five spot crypto funds are expected to hit the market within days.
The new offering follows a year of regulatory changes in Washington that have eased resistance to cryptocurrency-backed investment products.
Grayscale’s Chainlink ETF will be created by converting the company’s original LINK trust, launched in late 2020, into a public market vehicle.
Like the company’s other converted products, the fund will track the spot price of LINK and include staking-related returns where permitted.
The move comes as competition intensifies. Rival asset manager Bitwise is also preparing its own LINK ETF, setting the stage for a race among issuers to capture institutional and retail flows tied to the Oracle-focused token.
Grayscale has previously described Chainlink as a key bridge between blockchains and real-world financial systems, highlighting its role in providing data, pricing feeds and settlement triggers to crypto and traditional platforms.
New Altcoin ETFs Steal the Show as Bitcoin Funds Struggle
The new Chainlink ETF comes amid the rollout of a wave of new altcoin ETFs.
Over the past month, issuers have launched products linked to Solana, XRP and Dogecoin, with more XRP and Dogecoin funds expected to list next week.
The Canary Capital
BSOL quickly became one of the early success stories of 2025, accumulating over $660 million in assets in three weeks and avoiding a single day of capital outflows.
As reported, the New York Stock Exchange approved the listing of Grayscale’s XRP and Dogecoin exchange-traded funds, allowing both products to begin trading on Monday.
NYSE Arca, the exchange’s ETF-focused subsidiary, filed certifications on Friday confirming the listing and registration of Grayscale XRP Trust ETF Shares and Grayscale Dogecoin Trust ETF Shares under the Securities Exchange Act of 1934.
Bitwise Asset Management also unveiled the Bitwise Dogecoin ETF as investor appetite for altcoin exposure continues to rise.
The post Grayscale to Launch First Spot Chainlink ETF in US This Week, Says Nate Geraci appeared first on Cryptonews.
