Chainlink (LINK) Price Lags Despite Zero ETF Outflows: Here’s What Could Shift the Trend
Despite zero outflows from its ETF and strong whale accumulation, LINK's price is declining, awaiting catalysts like asset tokenization adoption.Summary
The Grayscale Chainlink ETF has shown sustained institutional interest, recording $54.69 million in net inflows since launch with zero outflows, outperforming newer Dogecoin and Litecoin ETFs. Simultaneously, on-chain data reveals significant accumulation by the top 100 wallets, adding $263 million worth of LINK since November 1. However, LINK's price has declined by 11.1% over the past month, trading at $12.78 at the time of writing amid broader market sell-offs. Analysts suggest potential catalysts could shift this trend, including the recent SEC approval for the DTCC's asset tokenization pilot program, where Chainlink is considered a strong candidate for adoption. Furthermore, Grayscale anticipates LINK will benefit from the growth in stablecoins, asset tokenization, and DeFi applications, suggesting underlying demand remains strong despite short-term price weakness.
(Source：BeInCrypto)