Grayscale Launches Chainlink ETF with $41M Inflows

• Lyla Velez
• December 4, 2025
• Investment
• 0 Comments

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Grayscale Investments launched the Chainlink ETF ($GLNK) on December 2, 2025, on NYSE Arca, drawing $41.5 million in day-one inflows, indicating substantial institutional interest.

Grayscale’s Chainlink ETF launch signals increased institutional interest and market liquidity for Chainlink, amid broader crypto market challenges.

The Grayscale Chainlink Trust ETF ($GLNK) debuted, transitioning from Grayscale’s previously closed-end Chainlink Trust, aimed at enhancing institutional crypto investments. Peter Mintzberg, CEO of Grayscale, confirmed its success, highlighting an evident demand for oracle network tokens, reflected by substantial day-one inflows. Peter Mintzberg, CEO of Grayscale Investments, remarked, “The launch was a clear signal of broader market demand for Chainlink exposure,” underscoring growing institutional interest. The ETF, now trading on NYSE Arca, follows Grayscale’s tradition of converting trusts into ETFs, a strategy applied to Bitcoin and Ethereum previously.

Following the ETF’s launch, the Chainlink token (LINK) experienced a notable 6-8% price surge, surpassing $14. The ETF saw trading volumes exceeding 28 times its trust average, attracting significant market attention. Bloomberg ETF analyst Eric Balchunas remarked on the ETF’s impressive opening liquidity, viewing it as a new market success.

On-chain derivative metrics for LINK showed increased activity, with futures open interest climbing by 24%, indicating higher trader interest. Experts caution that despite institutional inflows, whale profit-taking could limit short-term gains. Such ETFs diversify investment options, reflecting broader institutional crypto adoption.