LINK Price Rises as Grayscale Launches Chainlink ETF on NYSE Arca

Grayscale’s Chainlink ETF Launch Drives LINK 8% Higher

Chainlink’s native token, LINK, surged 8% Tuesday to $13.06 following the U.S. debut of Grayscale’s exchange-traded fund (ETF) tied to the asset. The fund, trading under the ticker GLNK, offers investors regulated exposure to Chainlink through traditional brokerage accounts and is the first U.S. ETF focused on LINK.

Chainlink’s decentralized oracle network delivers off-chain data—such as weather, prices, and election results—to smart contracts, enabling decentralized applications to respond to real-world events. It also facilitates communication between separate blockchains, making it a key infrastructure for DeFi, NFTs, gaming, and other on-chain markets, collectively securing tens of billions in value, according to Grayscale.

The ETF holds LINK on behalf of shareholders and is not governed by the Investment Company Act of 1940, so it lacks some protections of traditional ETFs and mutual funds.

LINK’s gain comes after a 39% decline since January, reflecting broader crypto market losses. Originally launched as a private placement in 2021 and later listed on OTC Markets in 2022, the NYSE Arca listing now makes GLNK more accessible to both institutional and retail investors.

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