Grayscale receives SEC approval to launch first spot Chainlink ETF on NYSE Arca this week following regulatory review.
The GLNK fund marks Grayscale’s third crypto ETF debut in two weeks after XRP and Dogecoin products.
Grayscale Investments received the green light from the regulators to start the very first spot Chainlink exchange-traded fund (ETF) launch this week. The news is a major step forward for the U.S. market of institutional cryptocurrency investment products.
After getting the green light from the SEC, the manager of the asset will change the Chainlink Trust of the asset into a fully tradable ETF listed on NYSE Arca. By this change, conventional investors will be able to access LINK tokens in a regulated and well-known investment vehicle.
Third ETF Launch in Two Weeks
After launching similar funds for XRP and Do
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