- The company is set to launch the first spot LINK ETF in the U.S. this week.
- Grayscale plans to convert its existing LINK trust into an ETF.
- LINK’s price remains under pressure amid a broader downtrend.
The cryptocurrency market is trading in the red on Monday, with the total value of all digital tokens falling about 5% over the past day to $2.94 trillion.
As a risk-off mood dominates markets, Grayscale Investments is preparing to introduce the first U.S. spot Chainlink exchange-traded fund (ETF).
ETF specialist Nate Geraci expects the product to arrive this week, marking a key milestone for Chainlink and the growing altcoin ETF space.
Notably, Grayscale will create the ETF by converting and listing its current Chainlink Trust, giving traditional investors regulated access to Chainlink exposure.
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 adds to the recent wave of altcoin ETF debuts in the United States.
Several altcoin ETFs have already arrived, including XRP and Dogecoin, following initial launches from Solana, Hedera and Litecoin in late October.
Now the first spot LINK ETF is expected to debut in the U.S. this week, reflecting investor appetite for these regulated products despite broader market turbulence.
More about the Chainlink ETF
A spot ETF holds LINK assets directly rather than derivatives, providing investors with direct, regulated exposure to Chainlink as an investment vehicle.
This structure is important for legitimizing Chainlink among traditional investors, many of whom have avoided crypto due to perceived complexity and custody concerns.
Indeed, a LINK ETF removes the need for private keys, self-custody wallets and off-exchange asset storage.
The fund will make Chainlink accessible to investors who prefer the safety and convenience of standard retirement accounts and brokerage platforms.
The strategic conversion
Grayscale has taken a notable approach by converting a private trust into a listed ETF.
The strategy offers several practical benefits.
First, the LINK ETF will tap into an existing investor base as trust holders transition to a more liquid ETF structure.
Second, the conversion simplifies valuation and custody because the trust already holds LINK assets.
Finally, this path helps address regulatory considerations, since the trust is structured to meet compliance standards.
LINK price outlook
Chainlink is experiencing significant selling pressure today.
The token has lost more than 6% after a sudden drop on the daily chart, driven by a broader market sell-off.
LINK trades at $12.16, with daily trading volume up 125%, indicating elevated participant activity as some may be reducing exposure to limit losses.
Sellers are targeting the nearest support zone at $11 and $9.80 amid intensified declines.
Failure to hold $8.20–$8.50 could accelerate deeper slides toward $6.80–$7.20.
Conversely, bulls need to reclaim and defend $13 to stabilize the outlook.
Remaining above $15.50 would likely invite renewed buying and a steadier upward momentum.
In a bullish scenario, LINK could rise to $19, then $23, and potentially clear a path toward $30.
However, current conditions point to short-term challenges before LINK establishes a decisive directional bias.