Overview

• The preliminary prospectus proposes direct LINK custody with Coinbase Custody Trust Company and pricing off the CME CF Chainlink–Dollar Reference Rate (New York Variant).
• Shares would be created and redeemed in 10,000-share blocks via cash or in-kind transactions, allowing authorized participants to deliver or receive LINK or U.S. dollars.
• The trust plans a listing on a U.S. national exchange, is structured as a Delaware statutory trust, and uses a Trust-Directed Trade model with Coinbase as prime execution agent.
• Approval remains pending, and if cleared the fund would be among the first U.S. spot ETFs to offer direct exposure to an oracle-network token.
• LINK jumped roughly 5% intraday on the filing news, though it was still lower over the prior 24 hours, according to CoinDesk data.