Grayscale has presented to the US stock and values commission. UU. To convert its Chainlink trustee existing in a background quoted in the stock market.
The proposed ETF, if approved, would be negotiated in Nyse Arca under the GLNK ticket, according to a statement of registration of Monday S-1 presented to the regulator. This is one of the two documents necessary to make an ETF application official.
The Chainlink Link Token is higher by 3% in the last 24 hours along with a general rally in Altcions seen XRP add 2.6%, 5% Sun and Doge 7.4%.
Grayscale’s presentation also includes a potential rethinking characteristic. If allowed, the fund could use third -party rethinking suppliers while keeping link tokens in custody wallets. The fund could retain rewards, distribute to shareholders or sell to cover expenses, depending on the future regulatory orientation.
The product would become the trustee of the gray scale, which has existed since February 2026 and currently administers almost $ 29 million in assets. Coinbase Custody Trust Company would serve as custodian.
Grayscale said that the ETF would process the creations of shares and cash channels, reflecting the structure used by recently approved spot bitcoin and Ethereum ETFS. However, the presentation allows the possibility of reimbursements in kind if future regulations allow it.
The movement is part of a broader effort of the gray scale to make the transition of multiple cryptographic trusts of a single asset in ETF. Other pending proposals include funds linked to the Solana price Dogecoin and XRP.
The SEC below President Paul Atkins has not yet approved or denies any of these pending applications, but that has not prevented companies from preparing products that believe they could be among the first in their class of assets.
If approved, the ETF GLNK would give traditional investors regulated access to Chainlink’s prices, which drives decentralized data food for blockchain applications and intelligent contracts. The addition of bets could also provide an income component that is not yet available in most Cryptographic ETF of the USA.
For now, the market seems to be optimistically reacting, with Link publishing one of the strongest profits of the day among the main cryptocurrencies.
