Grayscale’s Chainlink ETF saw $42 million in inflows on its first day

Source: CritpoTendencia Original Title: $42 million in revenue reported by Grayscale’s Chainlink ETF on its first day Original Link: https://criptotendencia.com/2025/12/04/42-millones-en-ingresos-reporto-el-etf-de-chainlink-de-grayscale-en-su-primer-dia/ This Wednesday, financial firm Grayscale launched the first Chainlink (LINK) ETF on NYSE Arca. Despite the recent cooling in the cryptocurrency market, the fund still experienced strong activity among traders. On its first day of trading, the product saw $42 million in inflows.

The new product, trading under the ticker GLNK, saw fairly good activity contrary to some conservative estimates. According to Bloomberg analyst James Seyffart, this performance is very positive for a first trading day. The expert noted that the product reached $62 million in assets under management and high trading volume.

Seyffart admitted that the launch cannot be called a complete success. However, as a debut day, it was a standout premiere. Additionally, the cryptocurrency market conditions surrounding this launch should be taken into account. Since October 10, the crypto market has experienced a strong intermittent downward trend, wiping out hundreds of billions of dollars.

Grayscale’s product has become the first ETF linked to the Chainlink token (LINK). Unlike other traditional ETFs, this product provides exposure to LINK’s price through an ETP structure. This product is part of Grayscale’s new initiative to offer clients access to tokenization and crypto-related assets.

Chainlink ETF joins the list of new crypto products

In recent weeks, many cryptocurrency-related exchange-traded products have been listed on the US stock market. Notably, most of them performed well at launch. Essentially, all the recent crypto products except Dogecoin have shown green numbers on their debuts.

This last point suggests that the local bear market in crypto is not a reason for Wall Street to stay away entirely. In fact, important portfolios are seeking more exposure, especially considering that, despite the market cooling, fundamentals remain strong.

It’s worth highlighting that Grayscale’s Chainlink ETF might soon be joined by a similar product from a major exchange. Recently, the product was registered under the code CLNK with the DTCC. While appearing in the DTCC is an administrative step rather than an approval of the product itself, it is significant as the first step toward offering the product on the market.

These initiatives related to LINK exchange-traded funds could significantly boost the token’s price in the spot market.

At the time of writing, the token experienced a +2.26% gain in the past 24 hours, with nearly double-digit gains for the week. This puts LINK’s price at $14.66 per coin.