Overview
- Grayscale submitted an S-1 to the SEC to turn its Chainlink Trust into a spot ETF trading under ticker GLNK.
- At launch the fund would use cash creations and redemptions, with in-kind transfers only considered if regulators later permit.
- The filing leaves open the option to stake LINK for rewards subject to tax and regulatory clearance.
- Coinbase Custody is named as custodian, with BNY Mellon as administrator and transfer agent; CSC Delaware Trust is trustee and Continental is co–transfer agent.
- The $28.7–$29 million vehicle joins a wave of altcoin ETF bids, including a separate Chainlink proposal from Bitwise, and LINK rose roughly 3% on the news.