Chainlink (LINK) Price News: Surges 7% as Grayscale ETF (GLNK) Sees $37M First-Day Inflow
CoinDesk
Chainlink's LINK token surged 7% following the successful debut of Grayscale's Chainlink ETF (GLNK) with $37 million in first-day inflows.Summary
Chainlink's native token, LINK, rallied 7% over 24 hours, outperforming the broader crypto market due to the launch of the first U.S.-listed spot Chainlink ETF, the Grayscale Chainlink Trust ETF (GLNK). This ETF, converted from a closed-end fund and trading on NYSE Arca, attracted $37 million in net inflows on its first day, marking a significant step for institutional adoption of Chainlink. Trading volume for LINK spiked by 183% above the 24-hour average, briefly pushing the price to $14.63 before a slight pullback. Despite this, LINK maintained a bullish structure, outperforming most top-20 cryptocurrencies and the CoinDesk 5 Index, which rose 3.3% that day.
(Source：CoinDesk)