Chainlink Holds $13 as Grayscale Spot ETF Debut Nears
Grayscale is preparing to launch its inaugural spot Chainlink ETF next week, and LINK is trading above $13 as traders position ahead of the debut. The upbeat tone in markets reflects expectations that a regulated, spot product could draw fresh institutional interest and concentrate buying pressure into listed markets rather than just derivatives or OTC venues.
The ETF launch matters because spot products can widen access and enhance price discovery and liquidity for underlying tokens; incoming flows could support near-term prices for LINK. That said, ETFs do not guarantee sustained gains—crypto remains volatile and flows can shift quickly. Investors and watchers will be monitoring ETF inflows, trading volumes, and regulatory developments closely to gauge whether this listing marks a meaningful change in Chainlink’s market structure.