Grayscale Chainlink ETF Attracts $41 Million in Debut Despite Market Slump

Grayscale’s debut of the first US spot Chainlink exchange-traded fund (ETF) generated significant interest, signaling ongoing investor demand for regulated altcoin products amidst a broader crypto market downturn. The chainlink ETF debuted with an impressive $41 million in net inflows and $13 million worth of trading volume on its opening day, according to Bloomberg’s Eric Balchunas. This marked the latest sign that institutional and professional investors are actively seeking regulated avenues for exposure to altcoins that can be integrated into their investment strategies.