Grayscale filed with the US Securities and Exchange Commission to convert its there Trust in the chainlink to a funds exchanged by the exchange.
The Suggested ETF – If approved – will trade with Nyse Arca under Ticker GLNK, according to a Monday S-1 registration statement submitted to the regulator. This is one of two documents required to make an ETF application officer.
The chainlink link token is higher than 3% in the past 24 hours next to a general rally in Altcions that see XRP add 2.6%, Sol 5% and Doge 7.4%.
Grayscale’s filing also includes a potential staking feature. If permitted, the fund may use third-party staking providers while maintaining link tokens on custodian wallets. Staking rewards can be maintained by funds, distributed to shareholders, or sold to cover costs, depending on the future regulation guide.
The product will be converted from the Grayscale Chainlink Trust, which exists since February 2026 and is currently in charge of nearly $ 29 million in possession. The Coinbase Custody Trust Company will serve as carers.
Grayscale said the ETF will process the sharing of creations and redemption in cash, reflecting the structure used by the recently approved Bitcoin area and Ethereum Etfs. However, filing for the possibility of in-kind redemption is allowed if future regulations are allowed.
The move is part of a broader effort through the grayscale to the transfer of many single-asset cryptos that are trusted in ETFs. Other pending proposals include funds tied to Solana price Dogecoin and XRP.
The SEC under the seat Paul Atkins has not yet approved or rejects any of these pending applications but does not prevent companies from preparing products they believe that may be part of their own class.
If approved, the GLNK ETF will provide traditional investors that control access to chainlink price performance, forcing decentralized data feeds for blockchain applications and smart contracts. Adding staking can also provide a substance that is not yet available to most US Crypto ETFs.
So far, the market seems to be an optimistic reaction, with a link posting one of the stronger sun acquires in major cryptocurrencies.
