Grayscale Launches Chainlink ETF: $41M Inflows Indicate Institutional Interest

Grayscale Investments has launched its first Chainlink ETF, demonstrating a strong surge in institutional demand for the oracle network. The debut saw $41.5 million in initial inflows, signaling the growing interest in Chainlink’s technology amongst large investors. This move highlights the increasing recognition of Chainlink’s role in connecting smart contracts with real-world data, ultimately bolstering its token performance. 7-8% growth in LINK prices, attributed to this ETF launch, further demonstrates market confidence.