US EditionGrayscale’s Chainlink ETF (GLNK) Lists on NYSE Arca, LINK Price Jumps
The Grayscale Chainlink Trust ETF drew $37 million in net inflows on its first day, boosting LINK’s price and trading volume on NYSE Arca.
- On Tuesday, the GLNK ETF listed on NYSE Arca as the first U.S. fund tracking LINK, and Chainlink's native token rose 8% to $13.06 after the debut.
- After moving to OTC Markets in 2022, Grayscale reshaped the product; GLNK holds LINK for shareholders and does not fall under the Investment Company Act of 1940.
- Chainlink's network connects separate blockchains by delivering offchain data like weather and election results into smart contracts, powering DeFi, NFTs, gaming and securing tens of billions in value, Grayscale said.
- The token's wider volatility sets the backdrop, with LINK down 39% year-to-date, while GLNK holds LINK for shareholders but does not fall under the Investment Company Act of 1940.
- Wider on-ramp through GLNK could reverberate in DeFi and onchain markets, as the ETF provides regulated access to Chainlink via traditional brokerage accounts, broadening LINK demand.
14 Articles
14 Articles
$41M Pours Into First LINK ETF: Will Chainlink Finally Break Its ATH? – BeInCrypto
The Grayscale Chainlink Trust ETF ($GLNK) launched on Tuesday, attracting approximately $41.5 million in its first day and marking a milestone for altcoin ETFs in the U.S. Institutional demand for cryptocurrency exposure is expanding beyond Bitcoin and Ethereum. As a result, many investors are now watching to see if LINK can reach new all-time highs....
Stunning Debut: Grayscale LINK Spot ETF Rakes In $37.05 Million On First Day
BitcoinWorld Stunning Debut: Grayscale LINK Spot ETF Rakes in $37.05 Million on First Day The cryptocurrency market witnessed a powerful vote of confidence this week. The newly launched Grayscale LINK Spot ETF (GLNK) exploded onto the scene, recording a staggering $37.05 million in net inflows on its very first day of trading. This immediate and substantial demand sends a clear signal about institutional and retail appetite for structured, regul…
The cryptocurrency LINK, an active native of the blockchain network Chainlink, starred in one of the strongest movements in the crypto market on December 3rd when it shot 20%, reaching $14.38. This rebound coincided with a historic event for the ecosystem: the launch of the first Chainlink ETF in the United States, a catalyst that has revived institutional interest and strengthened the bullish drive of the token. This article analyses in depth t…
Chainlink ETF Launch Sparks 20% Surge, Institutional Interest
Chainlink (LINK) has once again captured the attention of the cryptocurrency world, this time driven by the launch of the first U.S. Chainlink-focused Exchange-Traded Fund (ETF). This development has sparked a significant price rebound and renewed institutional interest, with LINK surging over 20% in a 24-hour period, trading around $14.4. The surge in trading volumes and market participation… Source
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