The wave of altcoin ETFs that began with US Solana, Litecoin, and Hedera continues with XRP and different altcoins.
At this level, the final altcoin to launch an ETF was Chainlink (LINK).
Based on The Block, a spot ETF that tracks Chainlink’s worth has began buying and selling on the New York Inventory Alternate.
This marks the debut of the primary spot LINK ETF.
Accordingly, Grayscale Investments at this time listed the Grayscale Chainlink Belief ETF (GLNK) on the NYSE Arca. Grayscale has transformed the Grayscale Chainlink Belief, previously a personal belief, into an ETF with roughly $17 million in property underneath administration (AUM).
Grayscale stated the LINK ETF in query was launched with 0% charges.
“Chainlink performs a essential infrastructure function in establishing the info connection between blockchain and tokenization and decentralized finance (DeFi). GLNK permits buyers to entry this core infrastructure inside a well-known ETP bundle,” Inkoo Kang, senior vp of Grayscale ETFs, stated in a press release.
Along with Chainlink, Grayscale has launched XRP, Dogecoin (DOGE), and Solana (SOL) ETFs prior to now few weeks, in addition to submitting with the SEC to launch its first Zcash (ZEC) ETF.
Chainlink is among the most most popular cryptocurrencies by establishments. The U.S. Division of Commerce can also be partnering with Chainlink. In an August partnership announcement, the U.S. Division of Commerce introduced that macroeconomic information comparable to GDP, Private Consumption Expenditures (PCE), and U.S. home demand energy will probably be transferred to numerous blockchain networks by way of oracle suppliers Chainlink and Pyth.
Individually, Deutsche Börse Market Knowledge Providers, a division of Deutsche Börse Group, one in every of Germany’s largest inventory exchanges, introduced that it has established a partnership with main Oracle platform Chainlink (LINK).
*This isn’t funding recommendation.
