COINOTAG News reported on December 1 that Nate Geraci, president of the ETF Store, indicated in a post that the first physically backed LINK ETF could debut this week. The vehicle would allow Grayscale to upgrade or convert its Chainlink Trust into an ETF, unlocking regulated exposure to Chainlink tokens.
If realized, the listing would imply the ETF holds actual LINK collateral, aligning the fund with standard custody and audit practices expected of crypto-regulated products. Market participants would gain a transparent on-ramp to LINK via a traditional exchange-traded structure.
Industry observers will await corroboration from the ETF Store and related issuers, with approvals from regulators needed for a formal launch. In any case, the prospect underscores growing appetite for regulated crypto assets and could influence pricing dynamics for Chainlink as a strategic oracle token.
Source: https://en.coinotag.com/breakingnews/first-physically-backed-chainlink-link-etf-to-launch-this-week-as-grayscale-converts-chainlink-trust
