Crypto Journalist
Amin Ayan
Crypto Journalist
Amin Ayan
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Grayscale is set to roll out the first US spot exchange-traded fund tied to Chainlink as early as this week, according to Nate Geraci, co-founder of ETF Institute.
Key Takeaways:
- Grayscale plans to launch the first US spot Chainlink ETF this week, converting its private LINK trust into a publicly traded fund.
- Bloomberg Intelligence analyst Eric Balchunas expects the ETF to debut on Dec. 2.
- The launch comes as competition grows, with Bitwise preparing a rival LINK ETF.
In a post on X, Geraci said the product will convert the company’s existing Chainlink private trust into a fully listed ETF, marking the first time US investors can gain spot exposure to LINK through a regulated fund structure.
Bloomberg Intelligence Tips December 2 Launch
The launch timeline lines up with estimates from Bloomberg Intelligence.
Senior ETF analyst Eric Balchunas has pointed to December 2 as the expected debut date, citing internal listings data that show Grayscale’s product queued for near-term approval.
Balchunas has also warned that this is only the beginning. He recently said the US market could see a wave of more than 100 new digital-asset-linked ETFs over the next six months, adding that at least five spot crypto funds are scheduled to hit the market within days.
The fresh supply follows a year of regulatory shifts in Washington that have softened resistance toward crypto-backed investment products.
Grayscale’s Chainlink ETF will be created by converting the firm’s original LINK trust, which launched in late 2020, into a public-market vehicle.
Like other converted products from the company, the fund will track the spot price of LINK and include staking-related returns where permitted.
The move comes as competition heats up. Rival asset manager Bitwise is also preparing its own LINK ETF, setting the stage for a race between 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 supplying data, pricing feeds and settlement triggers to both crypto and traditional platforms.
New Altcoin ETFs Steal Spotlight 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 tied to Solana, XRP, and Dogecoin, with more XRP and Dogecoin funds set to list next week.
The Canary Capital XRP ETF (XRPC) debuted with $58 million in net inflows, the highest opening-day haul for any ETF this year, edging out the Bitwise Solana Staking ETF (BSOL), which launched with $57 million.
BSOL has quickly become one of the early success stories of 2025, accumulating over $660 million in assets within three weeks and avoiding a single day of outflows.
As reported, the New York Stock Exchange has approved the listing of Grayscale’s XRP and Dogecoin exchange-traded funds, clearing 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 the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin Trust ETF Shares under the Securities Exchange Act of 1934.
Bitwise Asset Management has also unveiled the Bitwise Dogecoin ETF as investor appetite for altcoin exposure continues to increase.
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