Grayscale’s S-1 filing with the SEC to convert its Chainlink Trust into an ETF (ticker GLNK) signals a potential shift toward mainstream adoption of Chainlink’s $LINK token, which powers a decentralized oracle network critical for blockchain data integration, with a current market cap of $15.6 billion as of September 2025.
This move follows a trend of institutional interest, including Bitwise Asset Management’s August 2025 filing for a Chainlink ETF, and aligns with a 2024 prediction from Quant Network that tighter regulations would drive blockchain maturity, supported by increased adoption by major financial institutions like Mastercard and UBS.
The filing comes amid a volatile crypto regulatory landscape, with Chainlink’s price at $23 showing a 3% rise, suggesting market anticipation, though historical Grayscale ETF outflows (e.g., $17 billion from GBTC) highlight risks of investor skepticism or regulatory hurdles.
