Grayscale Launches Chainlink Trust ETF with Zero Initial Fee

Grayscale has announced the launch of the Grayscale Chainlink Trust ETF, trading under the ticker GLNK. The ETF is now available for trading with an initial fee of 0% for the first three months or until it reaches a scale of $1 billion. After this period, a management fee of 0.35% will apply. Grayscale has cautioned that the GLNK ETF is not regulated under the Investment Company Act of 1940, indicating higher risk and volatility. Additionally, the ETF does not directly hold LINK, posing a risk of total principal loss for investors.