Grayscale’s Chainlink ETP Generates $42 Million in Debut, Fuels Interest in Regulated LINK Products

Grayscale’s Chainlink Exchange-Traded Product (ETP) saw significant early success, drawing a whopping $42 million in inflows on its debut. Strong trading volume and growing interest in regulated Chainlink products played key roles. This launch marks the first time an ETP offering from Grayscale is tied to Chainlink’s native token, GLNK, and has been met with positive attention from industry experts. Despite a sluggish market overall, the product attracted significant investor demand. Early data suggests that LINK volume surged by over 180% after GLNK launched on NYSE Arca.