- The company is set to launch the first spot LINK ETF in the United States this week.
- Grayscale plans to convert its existing LINK trust into an ETF.
- LINK’s price remains under pressure amid a broader bearish market.
The cryptocurrency market opened trading on Monday under pressure, with the total value of all digital tokens falling about 5% in the past 24 hours to roughly $2.94 trillion.
As risk sentiment remains uncertain, Grayscale Investments is preparing to introduce the first on-exchange Chainlink spot fund in the U.S.
ETF specialist Nate Geraci expects the product to debut this week, a milestone for Chainlink and for the broader altcoin ETF landscape.
Specifically, Grayscale will bring this ETF to market by converting and uplisting its existing Chainlink Trust, providing traditional investors regulated exposure to Chainlink.
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
Meanwhile, this announcement follows the recent wave of U.S. altcoin ETF launches.
The market has already seen several altcoin ETFs, including XRP and Dogecoin, after Solana, Hedera and Litecoin kicked off the trend in late October.
Now the first spot LINK ETF is poised to debut in the United States this week, reflecting continued investor demand for these regulated products despite broader market turbulence.
More on the Chainlink ETF
A spot exchange-traded fund holds LINK assets directly rather than derivatives, giving investors regulated, direct exposure to Chainlink as an investment vehicle.
This structure is important for establishing Chainlink’s legitimacy among traditional investors, many of whom have steered clear of crypto because of custody and operational complexities.
Indeed, a LINK ETF removes the need for private keys, personal wallets, and off-exchange asset storage.
The fund will make Chainlink accessible to investors who prefer the security and convenience of conventional retirement and brokerage accounts.
The strategic conversion
Grayscale is taking a notable approach by converting a private trust into a publicly traded ETF.
The strategy offers clear benefits.
First, the LINK ETF will inherit an existing investor base as trust holders transition to a more liquid ETF structure.
Second, conversion simplifies valuation and custody since the trust already holds LINK assets.
Finally, the move helps address regulatory considerations because the trust operates under compliant standards.
LINK price outlook
Chainlink is trading under significant selling pressure today.
The token lost more than 6% after a sudden daily decline amid a broader market sell-off.
LINK is trading near $12.16, with daily trade volume up 125%, indicating heightened participant activity as some holders may be reducing exposure to limit losses.
Sellers are eyeing the nearest support band between $11.00 and $9.80 amid intensified downside pressure.
Failure to hold $8.20–$8.50 could accelerate further declines toward $6.80–$7.20.
Conversely, bulls need to reclaim and defend $13.00 to stabilize the outlook.
Holding above $15.50 would likely trigger renewed buyer interest and steadier momentum.
On a stronger rebound, LINK could target $19, then $23, and potentially clear the way toward $30.
However, current market conditions point to near-term challenges before LINK can establish a clear directional bias.