The first LINK ETF in the US is launched, and Chainlink rises by 8% with the business strategy behind the Oracle Machine.

[Coin World] LINK has been rising wildly these past two days, directly jumping to 13.06 USD, with a big pump of 8%. The driving force behind this is Grayscale's newly launched Chainlink Trust ( code GLNK ) — this is the first ETF product in the United States that focuses on LINK.

In simple terms, GLNK has opened a compliant channel for institutions and retail investors who want to allocate LINK but find wallet operations cumbersome. After all, Chainlink holds a special position in the crypto world: its decentralized oracle network is specifically responsible for feeding real-world data to smart contracts and can also handle cross-chain communication. The security of hundreds of billions of dollars in funds for DeFi lending protocols and derivatives platforms basically relies on it providing reliable data sources.

However, it should be noted that although this ETF holds LINK coins, the regulatory framework is completely different from that of traditional funds. Investors receive trust shares, not direct coin holdings, so hardcore players who want to control their private keys may not find this suitable. However, for those who want to benefit from Web3 while fearing the technical barriers, this avenue is officially opened.