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4d ago

Grayscale’s Chainlink ETP Debuts on NYSE Arca With About $41 Million Inflows, Lifting LINK

The listing gives brokerage clients direct exposure to LINK through a physically backed commodity structure that initially charges a 0% fee.

Chainlink LINK
Chainlink price prediction: can link remain bullish after its etf went live?
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Overview

  • GLNK, converted from Grayscale’s private trust, is the first U.S.-listed spot product offering brokerage-accessible exposure to Chainlink.
  • Day-one flows were reported in the $37–$43 million range, with assets reaching roughly $64 million within the first session and trading volume near $13 million.
  • LINK jumped roughly 6–8% around the launch, briefly touching about $14.6 as trading activity surged roughly 180% above average.
  • The ETP is issued under NYSE Arca Rule 8.201-E, holds LINK as its sole asset, uses Coinbase Custody, and is slated to move from a 0% introductory fee to 0.35%.
  • Analysts praised the strong debut, while noting that the ETP passes through no staking yield and that institutional usage may not reliably translate into sustained token price gains; Bitwise’s rival CLNK remains listed in DTCC systems but is not approved or trading.