Grayscale Eyes Chainlink ETF Debut, Leading Wave of Crypto Fund Launches

Grayscale is preparing to uplist a private trust to create the United States’ inaugural spot Chainlink ETF, potentially launching this week.

The move, reported by ETF analyst Nate Geraci and backed by Bloomberg Intelligence’s December 2 estimate, underscores the rapid diversification of spot crypto ETFs following landmark Bitcoin fund approvals.

This launch is just the beginning; Bloomberg’s Eric Balchunas recently projected a “steady supply” of more than 100 new spot crypto ETFs in the next half-year. Grayscale’s first-mover advantage with LINK comes as competitor Bitwise readies its own version.