Grayscale’s Chainlink ETF Debuts on NYSE Arca, LINK Surges 8%

Chainlink’s native token, LINK, jumped 8% Tuesday to $13.06 following the U.S. debut of Grayscale’s exchange-traded fund (ETF) tied to the asset. Trading under the ticker GLNK, the fund provides investors with regulated access to Chainlink through traditional brokerage accounts and is the first U.S. ETF dedicated to tracking LINK.

Chainlink powers a decentralized oracle network that feeds off-chain data—such as weather, prices, and election results—into smart contracts, enabling decentralized applications to respond to real-world events. The network also facilitates communication between separate blockchains, supporting data and value transfers across otherwise isolated networks. This capability has made Chainlink integral to decentralized finance (DeFi), NFTs, gaming, and other on-chain markets, securing tens of billions of dollars in value, according to Grayscale.

The ETF does not represent a direct investment in LINK. Instead, GLNK holds LINK on behalf of shareholders and is not governed by the Investment Company Act of 1940, meaning it lacks some of the consumer protections afforded to traditional ETFs and mutual funds.

LINK’s gains follow a challenging year, with the token down 39% since January, mirroring broader market declines. Grayscale initially introduced the fund as a private placement in 2021, later moving it to OTC Markets in 2022. Its listing on NYSE Arca now makes the ETF more accessible to both institutional and retail investors.