Chainlink ETF attracts $41 million on its first day of listing, Bloomberg analyst hails it as "another blockbuster"

Grayscale’s first Chainlink ETF (ticker GLNK) recorded over $41 million in inflows on its debut trading day, making it one of the most impressive new crypto asset products currently on the market. Despite the overall crypto market being sluggish over the past two months, GLNK has demonstrated strong capital-attracting power, drawing significant interest from investors focused on data oracle ecosystems and tokenization infrastructure.

According to Bloomberg ETF analyst James Seyffart, GLNK’s first-day performance was “exceptionally strong.” The product’s assets under management surged to $64 million, and trading volume was also robust, indicating rapidly growing investor interest in Chainlink as a key infrastructure asset. He further noted that achieving such results amid current crypto market weakness is particularly impressive, highlighting both institutional and retail recognition of the oracle sector’s long-term potential.

GLNK is structured as an ETP and directly holds native LINK tokens, providing investors with price exposure without the need to custody crypto assets themselves. Meanwhile, Bitwise’s Chainlink ETF (ticker CLNK) is also attracting attention, although its appearance on DTCC indicates only administrative registration and does not mean it has been formally approved.

Following GLNK’s launch, LINK’s price rose over 6% within 24 hours, with trading volume increasing by about 180% compared to the average. Analysts believe the ETF’s debut brings new capital inflow expectations for Chainlink and enhances its standing in institutional portfolios. At the same time, whales accumulated 4.73 million LINK within 48 hours, further fueling bullish market sentiment.

(Source: X)

Bloomberg analyst Eric Balchunas stated that GLNK’s first-day liquidity reached $13 million and could hit new highs. He called it “another blockbuster,” noting that among recent crypto ETFs, only the Dogecoin ETF (DOGE ETF) has underperformed, while other products have remained strong.

As investors increasingly focus on the on-chain data infrastructure sector, the launch of the Chainlink ETF could become a key catalyst driving LINK’s price and ecosystem expansion. The market is also closely watching whether Bitwise’s CLNK will become another factor stimulating market sentiment.