Grayscale Launches Chainlink ETF with Strong Initial Performance
- Grayscale’s GLNK ETF launched on Dec. 2, achieving $13 million in day-one trading volume.
- The ETF saw immediate inflows of $41 million, reaching approximately $64 million in assets within the first two days.
- GLNK is the first U.S. financial product providing direct exposure to the Oracle infrastructure layer.
- The product debuted with a temporary management fee of 0%, transitioning to a planned fee of 0.35% once it hits $1 billion in assets.
- Chainlink’s network secures over $100 billion in total value and holds a dominant market share of around 70% in decentralized finance (DeFi).
The launch reflects a growing institutional interest in tokenization as major financial institutions explore blockchain solutions for real-world applications. Grayscale’s GLNK ETF positions itself as an accessible investment vehicle amid evolving market dynamics.
Initial trading volumes indicate robust demand for GLNK, which outperformed other recent alt-coin listings, highlighting investor confidence in infrastructure linked to real economic integrations.(Source)
