Grayscale Files Chainlink ETF; LINK Powers Tokenization
Grayscale has filed a Form S-1 to convert its Chainlink Trust into a spot Chainlink ETF on NYSE Arca under the ticker GLNK. The proposed Chainlink ETF mirrors existing Bitcoin and Ethereum spot ETFs by allowing cash creations and redemptions, with potential in-kind transactions once regulators approve. BNY Mellon will serve as transfer agent and administrator. This is Grayscale’s second 1933 Act application for a Chainlink ETF, following Bitwise and joining bids from VanEck and 21Shares. Concurrently, Chainlink is expanding real estate tokenization from pilots to live projects—enabling on-chain title records, automated lending, and auctions—backed by LINK token rewards and a new strategic reserve. These developments are expected to boost institutional adoption and LINK trading liquidity upon SEC approval and clarity on staking reward tax treatment.
Bullish
The SEC’s approval of a spot Chainlink ETF is likely to drive fresh institutional and retail inflows into LINK. Real estate tokenization use cases further demonstrate Chainlink’s growing on-chain utility, potentially sustaining demand. In the short term, ETF filings often spur price rallies on increased optimism and liquidity. Over the longer term, enhanced staking clarity and diversified tokenization applications could solidify LINK’s market position and support stable appreciation.