Grayscale is launching the first spot Chainlink ETF in the United States.
The crypto giant will convert a private trust into an exchange-traded fund, with a launch anticipated as early as this week, according to ETF Institute’s Nate Geraci.
The move aligns with a predicted surge in spot crypto ETFs, with Bloomberg’s Eric Balchunas estimating over 100 could debut in the next six months. Rival manager Bitwise also has a LINK ETF in the pipeline.
