Grayscale Files Application to Launch a Spot Chainlink ETF
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Grayscale Investments has filed an S-1 registration statement with the US Securities and Exchange Commission (SEC).

The application, which was filed on 5 September, proposes the conversion of its Grayscale Chainlink Trust into a spot exchange-traded fund (ETF) that will trade on NYSE Arca under the ticker GLNK.

This proposed ETF would provide investors with direct exposure to LINK, the native token of Chainlink's decentralized network.

A key feature described in the application is the possibility for the fund to stake a portion of its LINK holdings, which would generate additional returns for investors if certain regulatory and tax conditions are met.

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Coinbase Custody Trust Company has been appointed as the fund's custodian.

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