Chainlink Price Jumps 4.1% as Grayscale Files for an ETF

The price of Chainlink (LINK) surged 4.1% following the announcement that Grayscale has filed for a spot Chainlink exchange-traded fund (ETF). This filing is stirring excitement in the market and analysts predict a potential 48% price rally in the near term. Experts point to Grayscale and Bitwise’s applications for U.S. spot Chainlink ETFs, which aim to boost institutional involvement in the asset. These filings echo past trends where Bitcoin ETF approvals led to significant price increases, potentially influencing the broader DeFi landscape.