Wall Street Gets a Dose of LINK!

Grayscale is expected to debut the first US spot Chainlink ETF this week.

Danielle du Toit
December 01, 2025

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Grayscale is expected to debut the first US spot Chainlink ETF this week.

Grayscale is preparing to launch the first-ever US spot Chainlink ETF this week, according to ETF Institute co-founder Nate Geraci.
Bloomberg Intelligence analysts, including Eric Balchunas, expect the Grayscale LINK ETF to debut on Dec. 2, with Bitwise’s competing product also nearing its launch.
Balchunas also predicts more than 100 new crypto ETFs could arrive over the next six months.

Tether disputes S&P Global’s downgrade of USDT, arguing the rating ignores billions in assets.

Tether is disputing S&P Global’s downgrade of USDT’s peg stability, arguing the “weak” rating overlooks key elements of its balance sheet and long-term financial strength.
CEO Paolo Ardoino says S&P ignored assets, including the fact that Tether had $215 billion in total assets against $184.5 billion in liabilities, along with $7 billion in excess equity.
Ardoino added that Tether earns around $500 million per month from US Treasury yields, a revenue stream he says strengthens the company but was not reflected in S&P’s assessment.

Centralized exchange spot volumes plunged to $1.59 trillion in November, likely due to fading volatility and profit taking.

Centralized exchange spot volume dropped to $1.59 trillion in November, down 26.7% from October.
Binance led with $599.34 billion in monthly volume, though this was much lower than its October figure, while Bybit, Gate.io, and Coinbase followed with similar ranges close to $100 billion.
Analysts say the decline reflects fading volatility and profit taking, with traders stepping back after October.

Ripple received approval from Singapore’s central bank to expand its regulated payment activities.

Ripple got approval from the Monetary Authority of Singapore to expand regulated payment activities under its Major Payment Institution license.
The approval strengthens Ripple’s institutional offerings in the region, and President Monica Long even praised Singapore’s supportive regulatory environment.
Ripple Payments uses tokens like RLUSD and XRP for cross-border transactions to help financial institutions move money efficiently through collection, holding, swapping, and payout services.

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