Chainlink ETF Soars to Record High, Signaling a Major Shift in DeFi

The launch of the Grayscale Chainlink Trust ETF (GLNK) has sent ripples throughout the cryptocurrency market, with LINK trading price surging over 16% within 24 hours. This marks the first US-listed spot ETF dedicated to Chainlink’s native token, LINK, on the NYSE Arca exchange. The ETF saw remarkable volume during its debut, amassing over 1.17 million shares traded and $9.8 million in trading volume. Grayscale’s move signifies a significant shift towards institutional investment in blockchain infrastructure.