- The company is set to launch the first U.S. spot LINK ETF this week.
- Grayscale plans to convert its existing LINK trust into an ETF.
- LINK’s price remains under pressure amid a broader market decline.
The cryptocurrency market opened lower on Monday after a broad pullback, with the combined value of digital assets slipping about 5% overnight to roughly $2.94 trillion.
Amid a cautious risk-on mood across markets, Grayscale Investments is preparing to introduce the first U.S. spot Chainlink (LINK) exchange-traded fund.
ETF specialist Nate Geraci expects the product to arrive this week, marking an important development for Chainlink and for the growing cohort of altcoin ETFs.
Grayscale will create the ETF by converting and uplisting its existing Chainlink Trust, providing traditional investors with a regulated, brokerage-friendly way to access LINK.
Set to launch this week…
First spot link ETF.
Grayscale will be able to uplist/convert Chainlink private trust to ETF. pic.twitter.com/i7z0WAKKvC
— Nate Geraci (@NateGeraci) December 1, 2025
At the same time, this launch follows a recent wave of altcoin ETF listings in the United States. Several altcoin ETFs—such as those for XRP and Dogecoin—have launched after earlier listings for Solana, Hedera and Litecoin kicked off the trend in late October.
Now, the first spot LINK ETF is expected to debut in the U.S. this week, reflecting sustained investor demand for regulated access to alternative crypto assets despite broader market volatility.
About the Chainlink ETF
A spot ETF holds the underlying LINK tokens rather than derivatives, giving retail and institutional investors direct, regulated exposure to Chainlink through familiar brokerage accounts. For many traditional investors who have avoided crypto due to custody and technical complexities, an ETF simplifies access.
By eliminating the need for private keys, self-custody and third-party wallets, a LINK ETF opens the asset to retirement accounts and standard brokerage platforms, increasing convenience and regulatory clarity for mainstream participants.
The strategic conversion
Grayscale’s approach of converting a private trust into an exchange-traded fund is notable and offers several advantages.
First, converting the trust provides an established investor base immediate access to a more liquid ETF structure when the conversion and uplisting are completed. Second, it streamlines valuation and custody because the trust already holds LINK tokens. Finally, operating from an existing compliant trust can help address regulatory considerations by aligning with established oversight and reporting practices.
LINK price outlook
Chainlink is facing strong selling pressure today. The token dropped more than 6% following a sharp move lower on the daily chart amid a broader market sell-off.
At the time of writing, LINK trades around $12.16 as daily trading volume has risen roughly 125%, indicating elevated activity as participants adjust positions to limit losses or reallocate exposure.
Sellers are targeting nearby support zones at $11.00 and $9.80 amid heavy downward pressure. A failure to hold the $8.20–$8.50 region could catalyze deeper declines toward $6.80–$7.20.
On the upside, bulls need to reclaim and defend $13.00 to stabilize momentum. Sustained trading above $15.50 would likely attract fresh buying interest and restore a clearer upward bias.
If buyers regain control, LINK could recover to $19.00 and then $23.00, potentially paving the way for a move toward $30.00. However, near-term conditions suggest continued choppiness before Chainlink establishes a decisive directional trend.