LINK price prediction after Grayscale’s Chainlink ETF debut on NYSE Arca
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Grayscale has officially launched the first US Chainlink ETF, GLNK, on NYSE Arca, marking a significant development for investors seeking regulated exposure to blockchain infrastructure.
The debut has coincided with a sharp recovery in the price of Chainlink (LINK) cryptocurrency.
At press time, Chainlink’s native token, LINK, was trading at around $14.61 after recovering nearly 30% from a dip earlier in the week.
Grayscale’s Chainlink ETF debut
The Grayscale Chainlink ETF saw $41 million in inflows on its first day, with total assets reaching $64 million, including the initial seed allocation.
While ETF analyst James Seyffart described the launch as “a very good opening for a new launch,” he also noted that it was not a “blockbuster,” highlighting that institutional appetite for altcoins remains selective in the current market.
Compared to Solana and XRP ETF debuts, GLNK performed strongly, indicating investor interest in blockchain infrastructure beyond the largest cryptocurrencies.
The debut of the Chainlink ETF was accompanied by a surge in LINK price, rising more than 6% within hours.
Trading volumes also spiked by roughly 180% above average, reflecting heightened market activity.
Furthermore, analysts, including Ali Martinez, noted that whales accumulated 4.73 million LINK within 48 hours, reducing supply on exchanges and adding upward pressure to the token.
Chainlink’s infrastructure appeal
Grayscale has emphasized that GLNK is not just a way to access LINK tokens but a means to invest in Chainlink’s broader oracle infrastructure.
Notably, Chainlink provides decentralized data feeds critical to the functionality of DeFi protocols, tokenized assets, and cross-chain applications.
The network has become a benchmark for reliable oracle services, and its integration with projects like FTSE Russell highlights its growing role in bridging traditional finance and blockchain systems.
By offering exposure to this infrastructure layer, the ETF allows investors to participate in the tokenized economy without holding LINK directly, although it carries higher regulatory risks as a non-40 Act product.
Chainlink’s utility token, LINK, is central to the network, incentivizing node operators and securing the protocol.
Whale accumulation, locked reserves, and ETF inflows have all contributed to a tightening supply, creating conditions that may support further short-term gains if demand continues to rise.
Chainlink price forecast
From a technical perspective, LINK has reclaimed key moving averages, with the 7-day SMA and EMA surpassed, and the MACD showing bullish divergence.
The Relative Strength Index (RSI) currently sits at around 54, suggesting moderate momentum.
While LINK currently appears to be on a moderate bullish trend, an immediate resistance sits near $14.79, and a supply zone extending to $16.6 could cap immediate upside.
As a result, analysts caution that short-term rallies may see consolidation in the $14.2–$15.4 range before a decisive move.
But despite these positive signals, LINK still faces a 39% decline over the past year, showing that broader market forces continue to weigh on performance.
On-chain activity, whale positioning, and ETF inflows will likely influence whether LINK can overcome these technical barriers.
The post LINK price prediction after Grayscale’s Chainlink ETF debut on NYSE Arca appeared first on Invezz
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