Grayscale confirmed that its new Chainlink product, the GLINK spot ETF, is set for imminent listing on NYSE Arca, according to a notice shared through its official channels. The firm stated the ETF will begin trading once the final operational procedures are completed and all system checks are fully verified.
The launch comes amid a broader expansion of Grayscale’s altcoin lineup, following recent introductions of GDOG and GXRP. While other non-BTC ETFs have entered the market under soft liquidity conditions, Chainlink stands out due to its declining exchange supply and steady accumulation by long-term holders. Data from multiple analytics providers shows LINK’s exchange balance at its lowest level since 2020, a pattern historically linked to tighter liquidity during demand spikes and increased institutional interest.
Grayscale said it will issue a separate update once trading activity is live. Analysts will be monitoring initial volume and flows to evaluate whether GLINK can shift the current sentiment trend.
Source: https://twitter.com/Grayscale/status/1995663588808425642
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