First US LINK ETF Posts Net Inflows of $37.05M on Day 1

Grayscale’s Chainlink Spot ETF (GLNK) launched on December 2, 2025. It recorded $37.05 million in net inflows, according to SoSoValue. GLNK is the first US LINK Spot ETF and Grayscale’s eighth crypto Spot ETF.

LINK, the native token of the Chainlink Oracle Network, traded at above $14.4, showing a 17% intraday increase. GLNK’s positive flows came as top crypto ETFs displayed sharp outflows in the last few weeks amid a bearish market. Investors can gain direct exposure to LINK through GLNK.

Chainlink (LINK) Price up 8.5% at $14.49

LINK price rose sharply after GLNK went live on the New York Stock Exchange Arca on December 2. Asset management giant Grayscale expects Chainlink to power the tokenization wave.

LINK went as high as $14.67 today, marking an 8.5% intraday jump. It reached as high as $13.58 on Tuesday, when it posted an over 11% intraday jump.

Note that ETF flows data is available a day later than the actual trading day. That is, the flow data for GLNK’s first trading day (Tuesday) was first available today.

LINK has been in a major downtrend since August 2025. Also, the trend’s hard floor is around the $11.1 mark, per TradingView data.

Our latest technical analysis for LINK price pointed out two strong bullish signals for the token. The first is a double-bottom pattern at $11.5 with the neckline at $27.8. Secondly, the relative strength index (RSI), a popular momentum indicator, pointed upwards.

Additionally, Chainlink is aggressively accumulating LINK. This largely explains the rapid depletion of the token from exchanges. As part of its Strategic LINK Reserve initiative, Chainlink has accumulated 973,753 LINK tokens, valued at $14 million.

Grayscale Research Head Says Chainlink Key Part of Tokenization

Chainlink is not a blockchain network like the Bitcoin protocol. It is a network of Oracles. They are basically software that makes it possible to transfer data and other digital items between different blockchains.

Moreover, Chainlink allows the creation of data pipelines between off-chain and on-chain systems. Tokenization is considered one of the biggest utilities of blockchain.

It is basically the process of representing traditional assets on blockchains. The major benefits of tokenization include reduced transaction costs, increased efficiency, and enhanced transparency, among others.

Grayscale’s head of research, Zach Pandl, while talking to CNBC, explained the timing of the GLNK launch: “Chainlink was at the center of the tokenization vision for markets…”

Pandl noted that “tokenized assets are really small today, but we think it) will increase many times over the next five, 10, and 20 years.” He added that the industry would grow from $30 billion to “a many trillion-dollar industry” in “not that distant a future”.

Grayscale’s November report highlighted LINK as the largest asset in the Utilities and Services Crypto Sector. It identified LINK as the biggest non-Layer 1 token in crypto overall.

The report excluded stablecoins from this comparison. Utilities and Services Crypto Sector is one of the six categories that Grayscale uses to classify cryptos.

Chainlink’s software solutions will help transition existing ledger systems like electronic book-entry accounts to blockchain systems.

The research report noted that putting traditional financial systems on the blockchain enables more efficient settlement. It also highlighted smart‑contract features and the potential for lower costs.

Altcoin Spot ETFs Remain Resilient

Solana Spot ETFs launched in October in the US. XRP Spot ETFs went live in November. Both closed November with net positive flows, unlike Bitcoin and Ethereum ETFs.

XRP Spot ETFs displayed the highest amount of net inflows ($67.74M) among US crypto Spot ETFs on Monday and Tuesday. The XRP ETFs are expected to touch the $1 billion mark in cumulative net inflows by the end of 2025.

GLNK net assets stand at $57.62 million. Grayscale also sponsors ETFs for BTC, ETH, SOL, and Dogecoin (DOGE).