Well, well, well, look who’s finally made it! The first-ever U.S. Chainlink ETF has been approved to start trading on NYSE Arca. Oh yes, and it’s all thanks to Grayscale’s decision to convert their Chainlink Trust into an ETF. Now that’s a “blink and you’ll miss it” moment for crypto, isn’t it? 🚀
Here’s a quick rundown for those of you who don’t have time to read but just want the juicy bits:
- NYSE Arca has officially given the green light for Grayscale’s Chainlink Trust to transform into an ETF under the 1934 Act. Fancy, right?
- Chainlink (LINK) is now rubbing shoulders with big crypto stars like Dogecoin, Solana, Litecoin, HBAR, and XRP on Grayscale’s ever-growing list of converted crypto ETFs. #SquadGoals
- What’s even better? This approval is part of a larger shift in SEC policy under Chairman Paul Atkins. Faster, clearer crypto product approvals – who knew the SEC could move this fast? 🏃♂️💨
The filing from Monday confirms it: this is the U.S. exchange-traded fund linked to Chainlink. Let’s give it a round of applause for achieving something that would make even your grandma proud.
Chainlink, for those who aren’t crypto-savvy (don’t worry, we forgive you), is the backbone of connecting blockchains with real-world data. The LINK token is among the top 25 crypto assets globally. Talk about being popular at the blockchain party! 🎉
Now, Grayscale’s been on a roll. Just in the past few months, they’ve converted several closed-end crypto trusts into ETFs – from Dogecoin to Solana, Litecoin, HBAR, and XRP. And now, Chainlink joins the squad. It’s like a crypto-party, and everyone’s invited! 🍾
Crypto industry insiders are pretty excited about this approval spree. It seems like the SEC is getting its act together. Under Paul Atkins’ leadership, the SEC is streamlining their process and clearing the path for crypto products. No more waiting forever for approval…or at least, that’s the hope. ⏳
Oh, and did we mention that the SEC has made things more predictable? It’s like crypto’s getting an actual roadmap instead of a treasure map drawn by a drunk pirate. 📍
So, in case you haven’t caught on yet, this whole “regulatory change” thing means more blockchain products are going to be showing up soon. More approvals. More ETFs. More everything. Just don’t forget who told you first. 😎
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2025-12-02 10:59