The Chainlink ETF Disappoints Despite $41 Million Inflows — Why?
The launch of Grayscale’s Chainlink ETF attracted $41 million in net inflows in a single day. Yet, despite these encouraging figures, experts do not describe it as a “blockbuster”. Why such a gap between expectations and reality? Analysis of a launch that raises questions about the future of crypto ETFs.
In Brief
- Grayscale’s Chainlink ETF recorded $41 million in net inflows on its first day but did not create the expected ‘blockbuster’ effect.
- Despite solid figures, the Chainlink ETF launch falls short of expectations, with limited impact on LINK’s price.
- Compared to the XRP ETF, which exploded with $243 million in inflows, Chainlink’s launch highlights the challenges of crypto ETFs.
The Launch of Grayscale’s Chainlink ETF: Key Figures and Context
Grayscale made history in the crypto ETF space by converting its Chainlink Trust into a spot ETF, listed on the NYSE Arca under the ticker GLNK. On the first day alone, the fund recorded $41 million in net inflows, along with a trading volume of $13 million. At closing, assets under management reached $64 million, including an initial allocation of $18 million.
LINK’s price reacted with an increase of 7 to 9.8% over the week but remains down 39% year-over-year. This launch confirms institutional investors’ appetite for regulated crypto products, even in a bear market. It is part of a series of SEC approvals for crypto ETFs, following those for Bitcoin, Ethereum, Solana, and XRP.
A Failed Blockbuster? Why the Chainlink ETF Launch Didn’t Blow Up The Books
Analysts like Eric Balchunas describe the launch as “solid”, but not a “blockbuster”. By comparison, the XRP ETF recorded $243 million in inflows on day one, while the Solana ETF only reached $8.2 million. The market is currently in a “risk-off” phase, limiting the impact of altcoin ETF launches.
Chainlink, although infrastructural, remains a niche asset compared to Bitcoin or Ethereum. Its ETF attracts institutions but not yet the general public to make it a blockbuster . Despite the initial inflows, LINK’s price has not experienced a sustained rally due to a persistent downtrend and strong technical resistance.
When the ETF Blows Up Crypto: The Emblematic Case of XRP
The XRP ETF made a mark with $243 million in net inflows on its first day, a record for crypto ETFs in 2025. This success is explained by several factors: XRP, at the center of a historic lawsuit against the SEC, benefited from a rarity effect and a strong community. The launch coincided with a period of renewed optimism for altcoins.
Unlike Chainlink, the XRP ETF generated a significant price increase in XRP, proving that some launches can catalyze market enthusiasm. For the GLNK ETF to become a true “blockbuster”, a combination of several factors would be needed:
- A resurgence of confidence in altcoins;
- Massive adoption of Chainlink in DeFi;
- Continuous investment flows.
The launch of Grayscale’s Chainlink ETF is a relative success, but not the anticipated blockbuster. It confirms the growing interest in regulated crypto products while reminding that not all ETF launches are equal. Chainlink will have to prove its ability to attract sustainable flows to support a recovery in LINK’s price. And you, would you be willing to invest in the Link ETF?
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Long English Thread] Scroll Co-founder: The Inevitable Path of ZK
"Tether" in 2025: Capital Analysis
Mars Morning News | The first SUI ETF is approved for listing and trading; SEC meeting reveals regulatory differences on tokenization, with traditional finance and the crypto industry holding opposing views
The first SUI ETF is listed, an SEC meeting reveals regulatory disagreements, bitcoin price drops due to employment data, US debt surpasses 30 trillions, and the IMF warns of stablecoin risks. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.
Moore Threads makes its debut with a surge of over 500%! The market value of the first domestic GPU stock once exceeded 300 billions yuan.
On its first day of trading, the "first domestic GPU stock" saw an intraday peak increase of 502.03%, with its total market value once exceeding 300 billions RMB. Market analysis shows that a single lot (500 shares) could earn up to 286,900 RMB at the highest point.
Trending news
MoreCrypto prices
More
