Nate Geraci of the ETF Institute, a co-founder of Grayscale’s crypto asset management company, said that Grayscale will launch its first exchange-traded funds in the US this week.
“Set to launch this week… First spot link ETF. Grayscale will be able to uplist/convert Chainlink private trust to ETF,” Geraci was noted on Sunday via X.
Comes as another LINK ETF Bitwise, the crypto-asset manager who is competing against Bitwise.
Geraci’s predictions are in line with those of Bloomberg Intelligence. According to Eric Balchunas senior ETF Analyst at Bloomberg, Grayscale’s products will launch on December 2.
Last week, Balchunas predicted a “steady supply” Grayscale’s LINK ETF is expected to be launched in six months.
“There are 5 spot crypto ETFs launching over next 6 days. Beyond that we don’t have exact but we expect a steady supply of them (likely over 100 in next six months),” Balchunas noted via X on Nov. 24.
Related: Bitcoin 2022 bear market correlation hits 98% as ETFs add $220M
It is a good idea to use several other of the firm’s ETFsGrayscale Chainlink Trust – a new trust will be created conversion of the firm’s LINK trust Five years after its formation, in 2020.
Tracking the spot prices of LINK and returns from staking LINK will allow you to generate returns.
Grayscale, which has dubbed the Chainlink Ecosystem in A recent research report A “critical connective tissue” Crypto and traditional finance: a link-up
As a result of the new leadership in the SEC, ETFs linked to Solana and other assets are now available in the US.SOLThe XRP currency (XRPDogecoin, (DOGEAll of them are getting a green light in this year.
Grayscale launched an ETF for spot DOGE and XRP last month.
Magazine: Solana vs Ethereum ETFs, Facebook’s influence on Bitwise: Hunter Horsley
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Source: cointelegraph.com
