Grayscale Files for Chainlink ETF with SEC
- Grayscale files with SEC for Chainlink ETF
- Price of LINK increases by 3%
- Potential for broader institutional crypto influence
Grayscale Investments, led by Michael Sonnenshein, filed an S-1 registration with the U.S. SEC to convert its Chainlink Trust into a spot ETF on September 8, 2025.
The filing highlights a significant institutional push into alternative cryptocurrencies, influencing Chainlink’s market dynamics and sparking a 3% rise in LINK’s price, underscoring broader industry trends.
Grayscale Investments filed for a Chainlink ETF with the U.S. SEC. The move, made on September 8, 2025, represents Grayscale’s strategy to convert its existing Trust into a spot ETF. The filing signals institutional expansion.
Led by CEO Michael Sonnenshein, Grayscale aims to list the ETF under the ticker GLNK on NYSE Arca. Key partners, including Coinbase Custody Trust Company, will act as custodian for LINK tokens.
The announcement caused the LINK price to rise approximately 3%, trading at ~$23.19. This mirrors historical movements of other crypto assets on ETF news, indicating potential shifts in trading volumes and market participation.
The move could affect other DeFi protocols reliant on Chainlink oracles, increasing their visibility and demand. Broader institutional engagement appears consistent with Grayscale’s expansion efforts in alternative cryptocurrencies.
A successful ETF launch could provoke financial shifts in the crypto sector, including increased demand for LINK and other associated assets. Historical precedent suggests ETF approvals have often led to sustained price upticks and liquidity growth.
Industry experts anticipate potential regulatory outcomes as the SEC reviews Grayscale’s filing. The ETF structure includes a 2.5% annual sponsor fee, indicating plans to incorporate elements such as staking in future regulatory developments.
Michael Sonnenshein, CEO, Grayscale Investments, – “Grayscale’s filing represents rising institutional interest, could set a precedent for other non-BTC/ETH ETF products, and increases visibility and demand for Chainlink and related assets”
