Summary
- Grayscale said it is expected to launch the world's first Chainlink (LINK) spot ETF this week.
- It said it is in the process of converting the existing Chainlink private trust into an ETF form tradable on the public market.
- It said that if the conversion is completed, it is expected to become the first Chainlink spot ETF approved and listed on the market.
Grayscale is expected to launch the first Chainlink (LINK) spot exchange-traded fund (ETF) this week.
On the 1st (local time), Nate Geraci, CEO of Novadius Wealth Management, said on his X, "Grayscale appears likely to launch the world's first Chainlink (LINK) spot ETF this week."
According to Geraci, Grayscale is in the process of converting its existing Chainlink private trust into an ETF form that can be traded on the public market. If the conversion is completed, it is expected to become the first Chainlink spot ETF to be approved and listed on the market.
Suehyeon Lee
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