First U.S. Chainlink ETF wins NYSE Arca listing approval
PositiveCryptocurrency
- Grayscale’s Chainlink Trust has successfully converted into the first U.S. Chainlink ETF, receiving approval to trade on NYSE Arca. This marks a significant milestone in the cryptocurrency sector, reflecting a shift in regulatory attitudes as the SEC streamlines the approval process for crypto-related funds.
- The approval of the Chainlink ETF is a pivotal moment for Grayscale, enhancing its portfolio of cryptocurrency investment products and reinforcing its position as a leader in the digital asset space. This move is expected to attract more institutional investors to Chainlink and the broader cryptocurrency market.
- This development highlights a growing acceptance of cryptocurrency ETFs among mainstream investors, as evidenced by Grayscale's recent approvals for Dogecoin and XRP ETFs. The recognition of Chainlink as 'essential infrastructure' for tokenized finance further underscores the increasing integration of digital assets into traditional financial systems, signaling a potential shift in investment strategies.
— via World Pulse Now AI Editorial System
