Grayscale Chainlink ETF Sees $41.5M First-Day Inflow

Grayscale’s Chainlink Trust ETF ($GLNK) made a strong debut on Tuesday, attracting roughly $41.5 million in inflows. The launch reflects rising institutional demand for crypto products linked to tokenization and data-oracle services. Many investors are watching to see if LINK can hit fresh all-time highs.

A Strong Chainlink ETF Debut

Grayscale’s Chainlink ETF started trading on NYSE Arca, bringing in nearly $42 million on its first day. Bloomberg ETF analyst James Seyffart called the launch “very good for a new product”, especially given the recent weakness in the market. The ETF quickly grew to $64 million in assets while maintaining strong trading volume.

So, $GLNK took in ~$42 million on day 1. Not "blockbuster" success but very good for a new launch. Volume was strong. The fund currently sits at $64 million in assets. Chainlink showing that longer tail assets can find success in the ETF wrapper too. https://t.co/CgVCxlykGr

— James Seyffart (@JSeyff) December 3, 2025

Grayscale is now the first U.S. firm to offer a spot-Chainlink product. This gives investors a way to buy LINK through a traditional ETP instead of a 40-Act ETF. The company converted its Chainlink Trust from February 2021 into this ETF, showing a focus on institutional investors.

CEO Peter Mintzberg said the launch shows growing demand for Chainlink. LINK is seen as key infrastructure for blockchain, and $GLNK lets investors take part without holding the token directly.

~$41,500,000 in Day 1 inflows for @Grayscale Chainlink Trust ETF $GLNK, the first of its kind

A clear signal of broader market demand for @Chainlink exposure

This is only the beginning. More to come.

— Peter Mintzberg (@PeterMintzberg) December 3, 2025

This launch occurs alongside developments in the broader Chainlink ETF market. Bitwise’s Chainlink product, registered under the ticker CLNK on the DTCC, has also drawn attention. While the DTCC listing does not count as regulatory approval, it suggests ongoing innovation and competition in U.S. crypto ETFs.

LINK Technical Breakout and Whale Behavior

The launch of $GLNK came at a time of technical change for LINK. The token recently broke out of a downward channel that lasted a month, indicating potential for renewed upward momentum. Analysts point out that institutional inflows could drive LINK toward its previous all-time highs if market conditions remain favorable.

On-chain data shows large holders are active around the ETF launch. Lookonchain reports that 39 wallets withdrew nearly 10 million LINK from Binance since October.

Whales keep accumulating $LINK.

39 new wallets have withdrawn 9.94M $LINK($188M) from #Binance since the 1011 market crash.https://t.co/N4RfX2npyl pic.twitter.com/aZcl3uYlZJ

— Lookonchain (@lookonchain) October 27, 2025

This shows confidence among whales, even with recent volatility. Still, accumulation carries risk. One whale bought over 2 million LINK for $38.86 million and now has an unrealized loss of $10.5 million, showing the challenge of timing the market.

A whale has been gradually accumulating $LINK from #OKX and #Binance.

Over the past 6 months, the whale has accumulated 2.33M $LINK for $38.86M, currently valued at $28.38M, facing a loss of $10.5M

Address: 0xa88ed7316d6d3aa7dA1b14A8AeA31d87fB803C1d

Data @nansen_ai pic.twitter.com/I3HKbnbkAJ

— Onchain Lens (@OnchainLens) December 1, 2025

Overall, the technical picture appears promising, but caution is advised. Profit-taking by major holders could limit short-term gains even as institutional interest provides support.

Market Outlook and Potential Risks

Open Interest in LINK derivatives has risen to about $7 million, showing renewed trader interest and growing confidence in the token. LINK is trading at $14.61, up just over 1% in the last 24 hours. The daily chart shows a rebound over the past two days after a double-bottom at $11.56 with a neckline at $13.50, suggesting the token is recovering from recent swings.

A breakout from a falling wedge also supports a cautiously positive view. Still, the token’s path is uncertain. Whales who bought LINK before the ETF launch could limit short-term gains, even as institutional inflows provide support.

Traders are watching if LINK can stay above $13.50. If it does, it could move toward $20. If not, short-term fluctuations and profit-taking may limit the ETF’s immediate effect.

What to Expect from Chainlink?

The launch of Grayscale’s Chainlink ETF highlights rising interest from institutions in altcoin products. It attracted $41.5 million on day one, and LINK showed early technical strength. But while this ETF may support gains toward prior highs, short-term volatility and profit-taking could influence its performance in the near term.