The post Grayscale prepares to roll out U.S. spot Chainlink ETF appeared on BitcoinEthereumNews.com. Crypto asset manager Grayscale is preparing to launch the U.S.’s first spot Chainlink exchange-traded fund (ETF) this week, according to ETF Institute co-founder Nate Geraci. “Set to launch this week… First spot LINK ETF. Grayscale will be able to uplist/convert the Chainlink private trust to an ETF,” Geraci noted via X. The move comes as a competing LINK ETF from Bitwise awaits approval. Geraci’s prediction aligns with Bloomberg Intelligence estimates, which indicate a Dec. 2 launch, according to Bloomberg senior ETF analyst Eric Balchunas. Altcoin ETF market surges with XRP, DOGE, and Solana products Last week, Balchunas projected a “steady supply” of crypto ETFs over the next six months, potentially exceeding 100, sharing a screenshot showing Grayscale’s expected launch date for its LINK ETF. “There are five spot crypto ETFs launching over the next six days. Beyond that, we expect a steady supply of them, likely over 100 in the next six months,” he noted via X on Nov. 24. As with a number of its previous ETFs, Grayscale’s Chainlink Trust will turn its already established LINK trust (established at the close of 2020) into an ETF. The product will generate returns by tracking the spot price of LINK, along with staking rewards.  Grayscale’s Chainlink ETF is also worth launching because investors will have a regulated, easy way to connect to LINK, as they do not have to maintain the cryptocurrency themselves or manage personal wallets. Through the transformation of an existing private trust into a publicly traded exchange-traded fund (ETF), Grayscale is offering institutional investors, pension funds, and traditional asset managers a convenient means to gain exposure to Chainlink. As noted in a recent research paper, Grayscale has deep faith in the Chainlink ecosystem and dubbed it a “critical connective tissue” linking crypto to traditional finance. Changes in SEC… The post Grayscale prepares to roll out U.S. spot Chainlink ETF appeared on BitcoinEthereumNews.com. Crypto asset manager Grayscale is preparing to launch the U.S.’s first spot Chainlink exchange-traded fund (ETF) this week, according to ETF Institute co-founder Nate Geraci. “Set to launch this week… First spot LINK ETF. Grayscale will be able to uplist/convert the Chainlink private trust to an ETF,” Geraci noted via X. The move comes as a competing LINK ETF from Bitwise awaits approval. Geraci’s prediction aligns with Bloomberg Intelligence estimates, which indicate a Dec. 2 launch, according to Bloomberg senior ETF analyst Eric Balchunas. Altcoin ETF market surges with XRP, DOGE, and Solana products Last week, Balchunas projected a “steady supply” of crypto ETFs over the next six months, potentially exceeding 100, sharing a screenshot showing Grayscale’s expected launch date for its LINK ETF. “There are five spot crypto ETFs launching over the next six days. Beyond that, we expect a steady supply of them, likely over 100 in the next six months,” he noted via X on Nov. 24. As with a number of its previous ETFs, Grayscale’s Chainlink Trust will turn its already established LINK trust (established at the close of 2020) into an ETF. The product will generate returns by tracking the spot price of LINK, along with staking rewards.  Grayscale’s Chainlink ETF is also worth launching because investors will have a regulated, easy way to connect to LINK, as they do not have to maintain the cryptocurrency themselves or manage personal wallets. Through the transformation of an existing private trust into a publicly traded exchange-traded fund (ETF), Grayscale is offering institutional investors, pension funds, and traditional asset managers a convenient means to gain exposure to Chainlink. As noted in a recent research paper, Grayscale has deep faith in the Chainlink ecosystem and dubbed it a “critical connective tissue” linking crypto to traditional finance. Changes in SEC…