- The firm plans to launch the first U.S. spot LINK ETF this week.
- Grayscale intends to convert its existing LINK fund into an ETF.
- LINK’s price remains under pressure amid a broader market downturn.
The cryptocurrency market opened Monday under pressure, with the total value of all digital tokens falling about 5% over the past 24 hours to roughly $2.94 trillion.
Despite a broadly risk-off sentiment, Grayscale Investments is preparing to introduce the first U.S.-listed spot Chainlink (LINK) exchange-traded fund.
ETF specialist Nate Geraci expects the product to appear this week, marking an important milestone for Chainlink and the growing wave of altcoin ETFs.
Notably, Grayscale plans to create this ETF by converting and uplisting its existing Chainlink Trust, providing traditional investors with a compliant, regulated way to gain exposure to 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
This listing would join the recent wave of altcoin ETF launches in the United States. Since late October, several altcoin ETFs—including products tied to XRP and Dogecoin—have followed earlier launches such as Solana, Hedera, and Litecoin.
The debut of a spot LINK ETF in the U.S. this week would reflect persistent investor appetite for regulated crypto exposure, even amid broader market volatility.
About the Chainlink ETF
A spot-listed ETF holds the underlying LINK tokens rather than derivatives, offering investors direct, regulated exposure to Chainlink as an investable asset.
That structure helps boost Chainlink’s credibility with traditional investors, many of whom have been deterred by the technical complexities of holding crypto directly.
Crucially, a LINK ETF removes the need for private key management, self-custody wallets, and off-exchange storage—barriers that have kept some investors out of the market.
By listing LINK within familiar retirement accounts and brokerage platforms, the ETF opens the asset to investors who prefer the security and regulatory framework of conventional finance.
Strategic conversion
Grayscale’s strategy of converting a private trust into an exchange-traded fund carries several practical advantages.
First, the ETF would launch with an existing investor base, allowing current trust holders to access a more liquid ETF structure.
Second, conversion simplifies valuation and custody logistics because the trust already holds LINK assets.
Finally, the move can ease regulatory considerations by aligning the product with established ETF compliance and reporting standards.
LINK price outlook
Chainlink is currently facing notable selling pressure following a sharp decline on the daily chart, driven by broader market weakness.
LINK has lost more than 6% in a recent drop and is trading around $12.16, with daily trading volume up about 125%, indicating increased participant activity and possible liquidation flows.
Sellers are targeting nearby support zones at $11.00 and $9.80 amid accelerating declines. Failure to hold the $8.20–$8.50 range could open the door to deeper drops toward $6.80–$7.20.
On the upside, bulls need to reclaim and defend $13.00 to stabilize conditions. Sustained strength above $15.50 would likely attract renewed buying momentum.
If buyers regain control, LINK could rally toward $19, then $23, clearing a potential path to $30. However, current market conditions suggest short-term headwinds before a clear directional bias emerges for LINK.