Grayscale has filed an S-1 with the SEC to turn its Chainlink Trust into the first U.S. Chainlink ETF, aiming for NYSE listing under the ticker GLNK.
This filing marks a potential shift in institutional investment for altcoins, likely boosting Chainlink’s visibility and drawing increased capital interest into the DeFi ecosystem.
Grayscale’s Proposal for First U.S. Chainlink ETF
Grayscale has filed an S-1 registration with the SEC. This move could make it the first U.S. spot Chainlink ETF, offering regulated access to LINK under the ticker GLNK on the NYSE. The SEC Filing Overview for GLNK as of September 2025 provides comprehensive details.
The major players involved are Grayscale, one of the largest digital asset managers, and Coinbase Custody as the designated custodian. The shift marks Grayscale’s continued expansion into regulated ETF structures. As emphasized by Coinbase Custody,
Coinbase Custody’s involvement signals a robust security posture, aligning with institutional requirements for regulated custodianship.
Chainlink’s Market Reaction to ETF Filing
The announcement seems positive for the Chainlink ecosystem, as LINK’s value rose by 3–5% post-filing. Institutional investors could gain more interest, prompting potential inflows into the asset. GLNK Financial Report for the Quarter Ending September 2025 can offer further financial insights.
This filing may drive further institutional capital into LINK, aligning with broader trends seen in Bitcoin and Ethereum ETF filings. The ETF is proposed to offer retail and professional investors simplified, regulated exposure to Chainlink.
Grayscale’s Strategy and Market Competition
Grayscale’s move mirrors the historic transition observed with Bitcoin and Ethereum spot ETFs, both of which fueled price appreciation. Notably, Bitwise has also filed for a Chainlink ETF, indicating potential market competition.
Crypto KOL Ash Crypto remarked on Twitter that the filing indicates optimism for the altcoin market, suggesting a possible increase in investor confidence, echoing past trends in crypto-based ETF launches.
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