Grayscale Chainlink Trust ETF (Ticker: GLNK) Launches on NYSE Arca as New Spot ETP

Core Insights - Grayscale Investments has launched the Grayscale Chainlink Trust ETF (GLNK), which is now trading on NYSE Arca, providing investors access to the foundational infrastructure of tokenization and decentralized finance (DeFi) across public blockchains [1][4] Company Overview - Grayscale is the largest digital asset-focused investment platform globally, managing approximately $35 billion in assets as of September 30, 2025 [5][6] - The company aims to simplify digital asset investing and has a history of pioneering investment vehicles in the cryptocurrency space, including the first widely available Bitcoin and Ethereum products [5] Product Details - GLNK is an exchange-traded product that holds LINK, the cryptocurrency associated with Chainlink's decentralized oracle platform, but it is not a direct investment in LINK [2][5] - The product was initially launched as a private placement in February 2021 and began trading on OTC Markets in May 2022 [5] Industry Context - Chainlink is recognized as the most widely used decentralized oracle platform, securing tens of billions in value for various applications, including DeFi, NFTs, insurance, and gaming [3][4] - The platform facilitates cross-chain interoperability and connects legacy systems to blockchains, positioning itself as a critical component of the emerging Web3 ecosystem [3][4] Market Position - Chainlink's decentralized oracle network is setting the standard for verifiable data and cross-chain connectivity, essential for the growth of tokenization and DeFi [4] - As the demand for secure links to off-chain data and systems increases, Chainlink is positioned as a vital infrastructure provider in the tokenized economy [4]