Grayscale has introduced the Chainlink Trust ETF (GLNK), an exchange-traded product that is not registered under the Investment Company Act of 1940. As a result, GLNK does not adhere to the same regulations and protections as registered ETFs and mutual funds, posing significant risk and heightened volatility to investors. The fund charges a low gross management fee of 0.35%, though additional brokerage fees and expenses may apply. Investors are advised to carefully review the prospectus before investing, as the fund does not represent a direct investment in Chainlink (LINK).