First U.S. Chainlink ETF Goes Live as Grayscale Launches ‘GLNK’

Grayscale has launched the first U.S. Chainlink exchange-traded product, marking a major milestone for the oracle-focused blockchain project. The new product trades under the ticker GLNK and is now live on NYSE Arca.

Zero-Fee GLNK Gives Regulated Access to Chainlink’s Infrastructure

The firm announced the launch as part of its plan to expand regulated exposure to key digital assets in the growing tokenization market. The Chainlink ETF provides investors with a familiar ETF-structure but runs as an Exchange-Traded Product as opposed to a 40-Act ETF.

Its launch comes after a previous clearance for Grayscale to proceed with the launch of this Chainlink ETF. There will be no management fees for this product upon launch.

According to Grayscale, GLNK will hold LINK directly and provide investors with a regulated access to benefit from the emerging blockchain data infrastructure market. However, the company cautioned that GLNK is a high-risk product. Hence, not all investors should invest in it as it is not a conventional ETF. Chainlink is the most popular decentralized oracle network on the public blockchains.

The protocol links physical data to smart contracts, which allows smart communication between chains. It also connects legacy systems to blockchains, providing an entry point for institutions to enter tokenized markets.

These characteristics were emphasized by Grayscale as key strengths of the Chainlink ecosystem. The firm said they were part of the reasons behind launching an ETF linked to its native token.

Will GLNK Boost for Demand of Chainlink’s Oracles?

Inkoo Kang, who leads the ETF section of the company, said the Chainlink ecosystem remains the model of reliability. He noted its strength in delivering data and enabling cross-chain communication securely.

He further said that GLNK gives the investor access to the infrastructure underlying tokenization in a regulated form. His remarks highlight the increasing focus on the oracle networks as the tokenized assets are gaining strength.

Chainlink is at the center of transition in the process of tokenization of real assets. The wider ETF momentum also covers recent NYSE authorizations for listing of Grayscale DOGE and XRP products.

Any smart contract which requires real-world data relies on credible feeds and Chainlink is the leader in this domain. According to Grayscale, this feature has the potential to pick up pace in the future as adoption grows.

Does GLNK Advance Push for Regulated Crypto Access?

The firm said this attribute will become more relevant as more assets move on-chain and require secure connections to off-chain systems. The company believes Chainlink will be at the center of this change as institutions settle on blockchain settlement.

Barry Silbert, Founder and CEO of Digital Currency Group (DCG), said GLNK’s debut represents another step in Grayscale’s mission. He explained that the firm’s goal is to expand access to crypto investment opportunities. He further said that the launch is proof of the company’s continued push to widen regulated exposure to crypto assets.

The news had an immediate reaction on the market as LINK climbed in price. LINK price has increased in the past day by more than 11%, per TradingView.

The large price upsurge indicates that the investors are positive about the launch of the ETF. They consider it an indication of broader adoption and a significance of Chainlink in the tokenization sector.