$41M Flows Into First LINK ETF: Chainlink Eyes a New All-Time High?
Grayscale’s Chainlink Trust ETF (GLNK) launched on Dec. 3 and attracted roughly $41.5 million in net flows on its first trading day, a notable debut for a single-asset altcoin ETF in the U.S. The inflow underscores growing institutional interest in non-Bitcoin digital assets and gives investors a regulated, brokerage-friendly way to gain LINK exposure without holding on-chain tokens.
The new vehicle could improve liquidity and concentrate buying pressure on LINK, renewing speculation about a move toward a fresh all-time high. That said, ETFs can also amplify volatility — future inflows, redemptions, overall crypto market momentum and on-chain fundamentals will determine whether the debut translates into sustained price gains. Traders and investors should watch weekly flows and regulatory signals to gauge the ETF’s longer-term impact.