In a move that surprises absolutely no one in the crypto-carnival, Grayscale is about to unleash America’s first spot Chainlink ETF-because what the world clearly needs is another way to gamble on blockchain buzzwords. According to ETF Institute co-founder Nate Geraci (who presumably announced this between sips of artisanal blockchain-infused coffee), the launch is imminent.
“Coming soon to a brokerage near you… Grayscale’s converting its Chainlink trust into an ETF,” Geraci tweeted, because nothing says “serious financial innovation” like a Sunday social media proclamation. Meanwhile, Bitwise’s own LINK ETF lurks in the shadows, like a crypto ninja waiting to strike. 🥷
This prediction aligns perfectly with Bloomberg Intelligence’s crystal ball-or as they call it, “analysis”-which suggests Grayscale’s ETF will debut on December 2nd. Senior ETF analyst Eric Balchunas, who may or may not have a dartboard with launch dates pinned to it, foresees a “steady supply” of 100+ crypto ETFs in the next six months. That’s roughly one new ETF every 1.8 days, because why not turn finance into a game of bingo?
“Five spot crypto ETFs launching this week, and then… well, let’s just say you’ll need a spreadsheet to keep up,” Balchunas mused on X, probably while drafting his resignation letter to go all-in on meme coin ETFs.
Grayscale’s Chainlink ETF is essentially a trust conversion-a fancy way of saying they’re repackaging old wine in a new, blockchain-labeled bottle. The trust dates back to 2020, an era when people still thought “Zoom meetings” were a temporary inconvenience. The ETF will track LINK’s spot price and staking rewards, because passive income is the new American Dream (or delusion).
Never one to undersell its bets, Grayscale recently called Chainlink the “critical connective tissue” between crypto and traditional finance. A bold claim, considering most of us still can’t explain what Chainlink actually does without Googling it mid-conversation.
Thanks to the SEC’s sudden case of crypto-fever under new leadership, the U.S. is now drowning in ETFs for Solana, XRP, and Dogecoin-because nothing says “regulated investment vehicle” like a coin inspired by a Shiba Inu meme. Last month, Grayscale added to the chaos with spot XRP and DOGE ETFs, proving that in crypto, the line between “innovation” and “absurdity” is purely fictional. 🎪
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2025-12-01 08:21