Grayscale Files for Chainlink ETF with SEC

Grayscale’s move could expand institutional access to altcoins, showing growing interest beyond traditional assets. The filing aligns with previous efforts to introduce diverse crypto-based investment vehicles, signaling a shift in investment trends.

Grayscale’s Leadership

Grayscale has long been a leader in providing regulated cryptocurrency investment vehicles, and its latest move pushes altcoin inclusion. Under CEO Michael Sonnenshein, the company filed for a spot Chainlink ETF listing on NYSE Arca.

The announcement led to a positive market response, with LINK experiencing a 124% annual price increase. Open interest in LINK futures also surged, indicating renewed institutional and retail interest driven by the ETF news.

Institutional Appetite

Financially, this initiative highlights increasing institutional appetite for cryptocurrencies less dominated by Bitcoin and Ethereum. Although direct funding announcements remain absent, greater investor access and liquidity are projected.

Michael Sonnenshein, CEO of Grayscale Investments, stated, ‘We are committed to increasing regulated crypto access for institutional investors.’

Historical parallels, such as previous ETF launches for Bitcoin and Ethereum, indicate potential asset appreciation and broader market legitimization. This Chainlink ETF could propel institutional inflows and support DeFi protocols reliant on Chainlink.

Regulatory Perspective

As the SEC reviews the application, it may leverage updated NYSE Arca standards for a streamlined ETF approval process. Historically, regulatory acceptance of altcoin ETFs has been deliberate, but Grayscale’s venture could hasten institutional adoption.

To further understand the financial status and quarterly developments, you can refer to the GLNK Quarterly Report for September 2025.