Grayscale’s Chainlink ETF Launches with $41M in First-Day Inflows
- Grayscale launched the first U.S. exchange-traded product (ETP) tied to Chainlink, traded under the ticker GLNK.
- The fund attracted nearly $42 million in inflows on its first day, reaching $64 million in total assets.
- Bloomberg analyst James Seyffart noted this performance is impressive amid a broader market downturn.
- GLNK directly holds Chainlink’s native token and allows investor access to key on-chain data infrastructure.
- Trading volume for GLNK was strong, with about $13 million recorded on its launch day.
The launch of Grayscale’s ETF marks a significant development for investors seeking exposure to the oracle sector, particularly during a time when cryptocurrency markets are experiencing challenges.
With nearly $42 million in first-day inflows, Grayscale’s GLNK demonstrates strong interest in innovative crypto investment products despite current market conditions. (Source)
