Grayscale Investments is set to launch the first-ever spot Chainlink (LINK) ETF in the United States this week, marking yet another key move in the rapid expansion of regulated crypto investment products. The development was first flagged by ETF Institute co-founder Nate Geraci, who noted that the firm will uplist and convert its existing Chainlink Trust, created in late 2020, into a fully tradable ETF.
The ETF will launch on Tuesday, according to Bloomberg Intelligence's Eric Balchunas, who projected an unprecedented wave of more than 100 new crypto ETFs will hit the market in the next six months. "There are five spot crypto ETFs launching over the next six days," Balchunas said last week. This is only the beginning of a "steady supply" of new products, he added.
