James Richardson
The first exchange-traded fund designed to track Chainlink’s market performance officially began trading Tuesday on the New York Stock Exchange. Grayscale Investments introduced the product as the Grayscale Chainlink Trust ETF, listing under the ticker GLNK on NYSE Arca.
“Chainlink’s decentralized oracle network has become the industry benchmark for secure data, cross-chain communication, and infrastructure supporting tokenization and DeFi,” said Inkoo Kang, Grayscale’s senior vice president of ETFs. He added that GLNK lets investors access this technology through a traditional, regulated ETF structure.
The new ETF represents the conversion of Grayscale’s previously private Chainlink Trust, which holds more than $17 million in assets under management. LINK — Chainlink’s native token — ranks among the top 25 cryptocurrencies by market cap.
Chainlink’s oracle system connects smart contracts with real-world data sources and is used by governments, leading DeFi protocols, and major financial institutions, according to the project’s documentation.
Chainlink’s Role in the Expanding Tokenized Economy
In its announcement, Grayscale emphasized Chainlink’s growing importance as tokenization and decentralized finance accelerate globally.
“As tokenized assets and DeFi continue to expand, every smart contract will need secure access to off-chain data, payment systems, and external services,” the firm said. “This positions Chainlink as the core connective layer of Web3, enabling trusted data flows and secure settlement across the emerging tokenized economy.”
Part of Grayscale’s Broader ETF Strategy
GLNK joins a series of new crypto ETFs Grayscale has launched in recent weeks, including products focused on XRP, Dogecoin, and Solana. The company is also pursuing SEC approval for what would become the first U.S. ETF tied to Zcash.
