Grayscale to Convert Chainlink Trust to ETF, Debuting This Week

• The Catalyst: Grayscale is converting its Chainlink Trust into the market’s first spot ETF this week.
• The Divergence: LINK price dipped 7% to $12.11, but trading volume surged 95% to $556M.
• The Stakes: The “First-Mover” status aims to replicate the liquidity dominance seen in XRP ETFs.

Grayscale Investments will debut the first-ever spot Chainlink ETF this week, converting its existing Trust product into a public trading vehicle. Nate Geraci, President of The ETF Store, confirmed the timeline Monday, signaling a major institutional on-ramp for the oracle network despite broader crypto market weakness.

Geraci explained that Grayscale is preparing to convert its existing Chainlink Trust into a publicly traded ETF, giving investors an easier and regulated option to gain exposure to LINK. 

LINK Price Drops but Trading Activity Surges

Even with the ETF excitement,…

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