Grayscale has submitted a filing to the U.S. Securities and Exchange Commission (SEC) for a Chainlink exchange-traded fund (ETF), marking a significant step in enhancing institutional access to the Chainlink token. This filing, made under Form S-1, aims to convert Grayscale’s existing Chainlink Trust into a spot ETF, which, upon approval, would be traded on the NYSE Arca under the ticker GLNK, with Coinbase Custody designated as the custodian for the fund.
The proposed ETF structure is designed to offer investors a way to gain exposure to Chainlink’s token without needing to directly purchase or store it. The fund will incorporate cash share creations and redemptions, resembling the existing models for Bitcoin and Ethereum ETFs. Grayscale has also indicated that it might later explore in-kind transaction options, contingent on regulatory approval. The Bank of New York Mellon has been appointed to act as the transfer agent and administrator for the trust.
This filing is notable as it represents the second request for a Chainlink ETF under the 1933 Act, following an earlier submission from Bitwise in August 2025. Several other firms, such as VanEck and 21Shares, are also pursuing ETF applications for altcoins in both the U.S. and Europe, which signals a growing appetite for regulated investment vehicles linked to digital assets beyond Bitcoin and Ethereum.
Grayscale’s initiative underscores a broader trend of increasing institutional interest in altcoin ETFs. The firm has expanded its offerings by applying for ETFs tied to various tokens, including Solana, Dogecoin, Litecoin, Avalanche, and XRP in recent months. This strategy aims to simplify access for both institutional and retail investors looking to invest in a wider range of cryptocurrencies. Grayscale previously transformed its Bitcoin and Ethereum trusts into spot ETFs after overcoming regulatory hurdles, setting a precedent for future digital asset ETFs in the U.S.
Other asset management firms, including Franklin Templeton and REX Shares, are also pursuing similar strategies, having submitted applications for products linked to cryptocurrencies such as Cardano, Polkadot, and Hedera. Analysts suggest that these developments reflect a significant shift towards diversification in the digital asset market.
In parallel, Chainlink is making strides in the real estate sector, where it is being adopted for tokenization projects that are moving from pilot programs into full production. The Chainlink protocol facilitates the secure transfer of essential data, including property titles and pricing, on blockchain platforms, which allows for automated processes such as borrowing and auctions and enables interoperability across various blockchains.
Multiple jurisdictions are transitioning from pilot stages to actual implementation in real estate tokenization, leveraging Chainlink’s capabilities. The LINK token serves as the backbone of the Chainlink network, incentivizing node operators and ensuring system security. Recently, Chainlink established a strategic reserve combining both on-chain and off-chain income, aimed at promoting long-term stability and supporting the network’s continued growth as its applications expand across different sectors.
Chainlink’s functions in connecting blockchain applications with real-world data establish it as a vital infrastructure component in the digital economy. As financial institutions and governments increasingly explore asset tokenization, the filing for an ETF adds another avenue for investors to engage with Chainlink while its practical utility continues to evolve.
