Grayscale Proposes Chainlink ETF with Staking Rewards for Investors

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Grayscale has filed for a spot Chainlink ETF that includes a staking component.

The proposed Grayscale Chainlink Trust ETF (GLNK) aims to hold LINK directly and, uniquely, may stake assets to produce additional yield, pending regulatory approval.

The fund, which would be a conversion of Grayscale’s existing trust product, plans to use cash creations and redemptions, similar to the existing spot Bitcoin and Ethereum ETFs.

This structure, combined with the potential for staking rewards, positions the proposed ETF as an income-generating vehicle for investors seeking access to the Chainlink ecosystem without the technical complexity of direct ownership.