Grayscale filed with the Securities and Exchange Commission of the United States to convert its existing Chainlink trust into a fund negotiated in exchange.
The proposed FNB – if it was approved – would exchange on Nyse Arca under the GLNK of the Ticker, according to a registration declaration on Monday S -1 subject to the regulator. This is one of the two documents required to make an ETF application manager.
The ChainLink liaison token is 3% higher in the last 24 hours alongside a general rally in Altcions which saw XRP add 2.6%, soil 5% and Doge 7.4%.
Graycale’s classification also includes a potential implementation function. If authorized, the fund could use third -party ignition providers while keeping the liaison tokens in guardian wallets. Employed awards could be kept by the fund, distributed to shareholders or sold to cover expenses, according to future regulatory directives.
The product would go from the Grayscale Chainlink Trust, which has existed since February 2026 and currently manages nearly $ 29 million in assets. Coinbase Pustody Trust Company would serve as a guard.
Grayscale said that the FNB would treat creations and cash sharing buyouts, reflecting the structure used by recently approved bitcoin spot and Ethereum ETF. However, the deposit allows the possibility of redemptions in kind if future regulations allow.
This decision is part of a broader effort of the gray scale to transmit several cryptographic trustees to a single asset in ETF. Other pending proposals include funds related to Solana prices Dogecoin and xrp.
The dry under President Paul Atkins has not yet approved or refused any of these pending requests, but that has not prevented companies from preparing the products which, according to them, could be among the first of their asset class.
If it is approved, the GLNK ETF would give traditional investors regulated access to the performance of ChainLink prices, which feeds decentralized data flows for blockchain applications and smart contracts. The addition of stake could also provide an income component not yet available in most American Crypto FNB.
For the moment, the market seems to react in an optimistic way, the link displaying one of the strongest gains of the day among the main cryptocurrencies.
