Key insights:
- Grayscale Chainlink ETF started trading on NYSE Arca on Tuesday.
- The issuer has waived a 0.35% management fee for 3 months until reaching $1 billion in assets under management.
- LINK price jumps over 10% towards $15 key level.
Grayscale Chainlink Trust ETF began trading under the ticker symbol GLNK on the NYSE Arca on Tuesday. It becomes the first spot Chainlink ETF to launch in the United States, offering investors exposure to LINK.
As a result, LINK price jumped by 10% amid the buzz around the ETF launch. Can it trigger a price rally to $15?
Grayscale Officially Launches its Spot Chainlink ETF on NYSE Arca
Crypto asset investment manager Grayscale Investments filed with the US SEC as it started trading on December 2.
GLNK enables investors to gain exposure to the decentralized oracle platform that underpins tokenization and DeFi across public blockchains.
The issuer also announced that it has started trading on NYSE Arca under the ticker symbol GLNK, becoming the first Chainlink ETF to launch in the United States.
The issuer has set a 0.35% management fee. However, it has waived the entire management fee for 3 months until the assets under management reach $1 billion.
Grayscale Chainlink Trust ETF shares first started trading on OTCMKTS in May 2022.
Grayscale Investments Sponsors is the sponsor, CSC Delaware Trust Company is the trustee, and The Bank of New York Mellon is the transfer agent and administrator of the trust.
Coinbase will serve as the prime broker, and Coinbase Custody Trust Company will be the custodian.
As The Coin Republic reported earlier, the issuer updated the language to become effective upon an 8-A filing and a listing approval certificate from NYSE Arca.
Grayscale Chainlink ETF Launches Without Staking Feature
The Grayscale Chainlink ETF has failed to announce a staking provider despite interest in staking.
Notably, the trust’s investment objective mentions the intent to provide LINK earned as staking consideration. However, it added the following statement:
It sparked speculation with the crypto community as Grayscale may consider staking in the future. It will also provide institutional and retail investors with exposure to LINK.
Can LINK Price Sustain Rally Towards $15?
LINK price saw massive upside momentum as the Grayscale Chainlink ETF started trading. At the time of writing, the price jumped 10% to $12.98 over the past 24 hours.
The 24-hour low and high were $11.76 and $13, respectively. However, trading volume has jumped by 5% in the past few hours, indicating interest among traders.
Futures trader Satoshi Flipper predicted LINK price can rally to $53. He claims Chainlink will break above after moving along the diagonal triangle support and consolidating for almost 5 years.
However, LINK price needs to reclaim the $15 psychological level for a potential rally. The range between $13 and $26 is a no-trade zone for Chainlink.
CoinGlass data showed massive buying in the derivatives market in the last few hours. Total LINK futures open interest climbed more than 15% to $590.89 million in the last 4 hours.
Source: https://www.thecoinrepublic.com/2025/12/02/breaking-grayscale-chainlink-etf-goes-live-on-nyse-arca-link-price-soars-10/
