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First ever Chainlink ETF begins trading Tuesday
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Grayscale’s LINK trust has been approved for conversion by NYSE Arca
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Comes amid a wave of new crypto ETFs launching in the U.S.
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LINK remains one of the largest tokens, widely used across DeFi and institutions
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Friendlier U.S. regulatory environment speeding up approvals
Grayscale’s LINK Fund Receives Approval
The first ETF tracking Chainlink will begin trading this week after NYSE Arca certified approval for the Grayscale Chainlink Trust ETF. The listing allows investors to access LINK through a regulated exchange traded product for the first time.
Chainlink powers oracle infrastructure used by governments, financial institutions, and major DeFi protocols, giving the token a strong position among top twenty five cryptocurrencies.
ETF Momentum Continues Across the U.S.
The Chainlink ETF arrives during a surge of new approvals, including ETFs for Litecoin, HBAR, XRP and Solana. Grayscale has been converting multiple trusts into ETFs as the U.S. regulatory environment shifts in a friendlier direction under current leadership.
The SEC under Chair Paul Atkins has moved toward clearer digital asset rules, accelerating listing standards for new crypto funds.
