Grayscale has confirmed its plan to launch the first U.S. spot Chainlink (LINK) ETF. Nate Geraci, president of the ETF Institute, announced on X that the product has received clearance for listing. This new ETF will convert Grayscale's existing private LINK trust into a fully tradable spot fund, thereby enhancing regulated access to oracle infrastructure at a critical juncture for the cryptocurrency sector.
Rising Institutional Interest in Oracle Infrastructure
This development occurs amidst a notable increase in institutional interest in oracle-focused infrastructure tokens. This growing interest is attributed to Chainlink's expanding role in real-world asset (RWA) pilot programs, its strategic partnerships with prominent financial institutions, and its essential function in automating vital data flows. Analysts suggest that a regulated spot ETF could attract substantial new institutional capital, particularly from asset managers aiming for direct exposure to foundational crypto technologies. This trend further solidifies the ongoing shift towards more crypto-friendly policies and products among U.S. issuers.
ETF Details and Market Watch
Grayscale has stated that the ETF will closely track the spot price of LINK. Further disclosures regarding any staking-related components are anticipated. Additional details are expected to be released once trading commences this week. The market is now observing whether competitors, such as Bitwise, will expedite similar filings, potentially initiating a new wave of thematic cryptocurrency ETFs.