Grayscale’s Chainlink ETF Set for Potential NYSE Arca Debut This Week

Core Insights - Grayscale is set to uplist its Chainlink trust to NYSE Arca, potentially making it the first U.S. spot Chainlink exchange-traded fund (ETF) to begin trading this week, with an effective date of December 2 [1][3] - The amended S-1 filing confirms that the trust will hold LINK as its sole asset and will transition to "Grayscale Chainlink Trust ETF" upon launch [2] - The conversion from a private trust to a tradable ETF will allow for creations and redemptions managed by authorized participants, starting as cash-only transactions [4] Industry Context - The listing process for Grayscale's Chainlink ETF mirrors previous successful launches of Grayscale's DOGE and XRP ETFs, which also underwent similar procedural steps [3] - NYSE Arca typically publishes its listing notice close to the trade date, a pattern observed during the launches of the DOGE and XRP ETFs [4] - The cash-only model for the Chainlink ETF may lead to wider price spreads initially, as authorized participants will manage more of the buying and selling [5] Tokenomics Comparison - Chainlink (LINK) has a fixed maximum supply of 1 billion tokens, with scheduled unlocks and ecosystem distributions affecting circulating supply over time [6] - In contrast, Dogecoin has an uncapped, inflationary model with a fixed issuance of 5 billion new DOGE per year [6] - XRP was pre-minted with a total supply of 100 billion tokens, with monthly releases from escrow governing market introduction [7]