Chainlink Price Plummets Despite Grayscale ETF Approval

Chainlink’s price has experienced a significant drop, falling 7% in the past 24 hours to trade at $12.17 as of early Wednesday morning EST. This decline coincides with news that Grayscale is set to launch its first US Chainlink ETF on NYSE Arca this week. This approval marks a major step forward for Chainlink, as it will offer traditional investors exposure to the LINK token without holding the underlying asset directly. 📈