Chainlink is set to launch its first spot ETF this week.

Nate Geraci, President of The ETF Store, announced on X that the first Chainlink spot ETF is expected to launch this week. He stated that Grayscale plans to convert the current Chainlink trust from private form to a publicly traded ETF. This move aligns with the growing trend of helping retail investors access cryptoassets through managed investment vehicles.

By converting its private trust into a spot ETF, Grayscale aims to provide greater transparency, liquidity, and convenience for investors interested in Chainlink. The launch of the ETF is seen as a significant milestone in the crypto investment space, creating a legal pathway to access Chainlink without the need to directly hold the underlying token. Investors are closely monitoring this event, as it may impact market sentiment and the broader acceptance of crypto products.