The rush of cryptocurrency exchange-traded funds (ETFs) continues to loom on the horizon. Now who is warming up is chainlink (LINK), the asset that powers the eponymous oracle network, which could reach the market through a financial product issued by the investment firm Grayscale.
The LINK-based fund has the potential date of fixed output for December 2 on the New York Stock Exchange (NYSE). This instrument, called ETF Grayscale LINK, with the ticker GLNK, has advanced in its regulatory process after a amendment to its S-1 filing with the United States Securities and Exchange Commission (SEC).
The filing change introduced a key line indicating that the “Registration Statement is effective hereafter pursuant to the provisions of Section 8(a) of the Securities Act of 1933.”
Section 8(a), in the context of cryptocurrency ETFs, establishes a mechanism for the automatic effectiveness of a registration statement. Specifically, This section decrees that the declaration becomes effective 20 days after its presentationunless the SEC decides to formally intervene to stop or delay the process.
This clause is what allows, even if the SEC does not issue explicit approval, the ETF can begin trading after the 20-day period if there is no stop action by the regulator.
Grayscale’s interest in Chainlink aligns with the network’s consolidation as essential infrastructure for the cryptocurrency industry. As CriptoNoticias has reported, Chainlink has established itself as the fundamental driver of global tokenizationacting as a reliable bridge connecting traditional finance with digital asset platforms.