WHO CAN LAUNCH AN ETF ON CHAINLINK
ARK Invest's ETF partner 21 Shares currently holds 693,639 LINK tokens and is offering them to institutional investors, meaning it already has a market for ETFs on Chainlink.
According to ARK CEO Cathie Wood, 21Shares is the largest provider of cryptocurrency ETFs in the world.
Moreover, 21Shares has integrated Chainlink Proof of Reserves to verify Bitcoin reserves for the Ark 21Shares Bitcoin ETF.
External data providers are compensated by LINK for providing accurate ARK inventory data.
GBTC issuer Grayscale could also become the first company to launch an ETF on Chainlink.
The asset manager has already applied to convert the Ethereum trust into a spot exchange-traded fund.
ARK Invest's ETF partner 21 Shares currently holds 693,639 LINK tokens and is offering them to institutional investors, meaning it already has a market for ETFs on Chainlink.
According to ARK CEO Cathie Wood, 21Shares is the largest provider of cryptocurrency ETFs in the world.
Moreover, 21Shares has integrated Chainlink Proof of Reserves to verify Bitcoin reserves for the Ark 21Shares Bitcoin ETF.
External data providers are compensated by LINK for providing accurate ARK inventory data.
GBTC issuer Grayscale could also become the first company to launch an ETF on Chainlink.
The asset manager has already applied to convert the Ethereum trust into a spot exchange-traded fund.
