Grayscale, a digital asset management firm, has submitted a new filing to the U.S. Securities and Exchange Commission (SEC) to convert its existing Grayscale Chainlink Trust into a spot exchange-traded fund (ETF).
The registration statement proposes that if approved, the ETF would be listed on NYSE Arca with the ticker GLNK. The filing also includes a potential staking feature, which would allow the ETF to use third-party providers to stake its LINK tokens while they remain in secure custody. Staking rewards could either be kept, distributed to shareholders, or used to cover fund expenses.
The news comes as LINK is experiencing a bullish rally. The article notes that LINK is trading above $23 and could target a recent high of nearly $28 if the rally continues. However, the price could also see a temporary dip to the $21 support level before a potential climb toward the psychological $30 mark. A broader market correction could see LINK fall below $20.
September 2025, Cryptoniteuae