Grayscale Chainlink ETF draws $41M on debut, but not ‘blockbuster’

Grayscale's first US spot Chainlink Exchange-Traded Fund (ETF) attracted significant initial interest, drawing $41 million in cumulative net inflows and $13 million in trading volume on its debut day, according to Bloomberg analyst Eric Balchunas. While analysts called the launch "solid," it was not deemed a "blockbuster success," though the fund quickly amassed $64 million in total assets. This debut suggests institutional investors are seeking regulated avenues for altcoin exposure, contrasting with the Solana ETF's smaller $8.2 million first-day volume and trailing the $243 million debut of the spot XRP ETF. Despite the strong ETF launch, the native LINK token's price has not reversed its 39% decline over the past year, though it did rise 9.8% in the preceding week.

(Source：Cointelegraph)