First Chainlink ETF to Begin Trading on Tuesday

The first Chainlink ETF will begin trading as GLINK on NYSE Arca, marking Grayscale’s latest crypto ETF conversion and coinciding with Vanguard opening its doors to crypto fund trading.

The first Chainlink (LINK) spot exchange-traded fund (ETF) is set to begin trading on the NYSE Arca exchange.

The ETF will trade under the ticker GLINK and represents a conversion of Grayscale Investments’ Chainlink Trust after the firm received approval to convert the fund into an ETF from the U.S. Securities and Exchange Commission (SEC).

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It marks Grayscale’s third crypto spot ETF launch in two weeks, following similar products for XRP and Dogecoin.

The listing also coincides with a report from Bloomberg noting that Vanguard — the world’s second-largest asset manager — would allow ETFs and mutual funds that primarily hold crypto to be traded on its platform.

“The 2nd largest brokerage in America flips its policy from sell-only to allowing crypto ETF purchases. And no one is fired up,” said Bitwise CEO Hunter Horsley on X.

“Whether people are stoked right now or not — crypto is rapidly entering the mainstream.”