Chainlink ETF Launch Boosts Price and Institutional Interest
- Chainlink (LINK) surged over 20% in a day, trading around $14.4, following the launch of the first U.S.-focused Chainlink ETF.
- Grayscale’s GLNK ETF opened on December 2 with zero fees, trading more than 1.17 million shares on its first day.
- The ETF recorded approximately $13.8 million in trading volume and saw early inflows near $43 million.
- LINK futures open interest climbed over 20%, with funding rates turning positive as traders increased long positions.
The launch of Grayscale’s Chainlink-focused ETF has significantly boosted LINK’s visibility among traditional investors by providing regulated exposure without direct token custody. This development has led to increased market participation and institutional interest.
With LINK’s price gaining momentum and technical indicators showing potential for further growth, the market is closely watching for sustained recovery above key levels like $14.50–$15 to confirm a bullish breakout trend. (Source)
