- The Chainlink ETF recorded $9.8 million in trading volume on its first day with shares closing up approximately 6%
- NYSE Arca’s parent company Intercontinental Exchange began supplying market data to Chainlink in August 2025
- Grayscale waives the 0.35% management fee until March 2026 or until assets reach $1 billion
Dec. 3 (Crypto-News.Net) – Grayscale Investments launched the first U.S. Chainlink ETF on NYSE Arca on Monday. The fund, called Grayscale Chainlink Trust ETF and trading under ticker GLNK, tracks Chainlink, a blockchain network that connects smart contracts to real-world data.
However, the product is structured as an exchange-traded product rather than a traditional ETF with full investor protections under the Investment Company Act. Coinbase Custody Trust Company holds the fund’s LINK tokens, according to the official press release.
“GLNK joins our growing lineup of single-asset crypto ETPs as we continue to expand access to emerging crypto assets via a trusted ETF wrapper,” Inkoo Kang, senior vice president of ETFs at Grayscale, said in the release.
Why This Chainlink ETF Listing Is Different
Notably, NYSE Arca is operated by Intercontinental Exchange (NYSE: ICE), which announced a partnership with Chainlink on Aug. 11, 2025. Under that agreement, ICE supplies market data from over 300 global exchanges to Chainlink’s network for distribution to more than 2,000 applications, according to the PRNewswire announcement.
In addition, Fernando Vazquez, president of capital markets at Chainlink Labs, said the ICE collaboration signals “a pivotal shift towards a unified, globally accessible onchain financial system” in the August announcement. The GLNK listing makes this Chainlink ETF the first beyond Bitcoin and Ethereum where the listing exchange’s parent company is already a commercial partner of the underlying network.
The partnership reflects Chainlink’s growing institutional reach. The network secured $100 billion in assets across decentralized finance applications as of September 2025, up from $38 billion in 2024. By comparison, the Chainlink ETF launched with between $15.5 million and $27.87 million in assets under management.
GLNK History and Fee Structure
Originally, GLNK started as a private investment fund in February 2021 before moving to over-the-counter trading in May 2022. The conversion to a listed ETF follows an SEC registration filing in November 2025.
Grayscale set the management fee at 0.35% but is waiving it entirely until March 2, 2026. Alternatively, the waiver ends if the fund reaches $1 billion in assets first. Similarly, the fee waiver mirrors Grayscale’s XRP ETF launch in November 2025, part of the company’s strategy to attract early investors to new products. Investors can learn more about how to invest in crypto through regulated vehicles.
Chainlink ETF Trading and Competitors
Following the launch, LINK rose between 8% and 13% on Dec. 2, reaching prices above $13. Meanwhile, Bitcoin gained approximately 1% during the same session.
In trading, GLNK shares closed at $11.89, up approximately 6% on the day, with trading volume reaching $9.8 million across roughly 1.17 million shares.
Separately, Bitwise Asset Management filed for its own Chainlink ETF in August 2025. That product appeared on a pre-launch list in November 2025 but had not yet begun trading when Grayscale’s fund launched. Grayscale, issuer of the new Chainlink ETF, manages approximately $35 billion in digital assets across its product lineup.
Reporting and editing by Zoran Spirkovski
