Grayscale has introduced the Chainlink Trust ETF (GLNK), an exchange-traded product not registered under the Investment Company Act of 1940. This means it does not adhere to the same regulations as 40 Act registered ETFs and mutual funds, posing a higher risk and volatility for investors. The fund offers a 0% gross expense ratio for the first three months or until it reaches $1 billion in assets, after which the fee will increase to 0.35%. Investors are advised to review the prospectus carefully due to the high-risk nature of the investment.