Chainlink ETF Debut Sparks 7% Price Rise, $41 Million in Trading

Chainlink ETF debut pushes LINK price up 7%, reaching $14.40 in early trading.

Trading volume spikes 183%, with $41 million in net inflows on launch day.

Large investors and retail participation signal strong confidence in GLNK’s first-day performance.

Chainlink — LINK, made a strong impression with the launch of the first U.S. exchange-traded product. The GLNK fund debuted on NYSE Arca and attracted significant attention from both retail and institutional investors. In its first day, the fund brought in between $37 million and $41 million in net inflows. LINK responded quickly, climbing 6 to 7 percent and surpassing most major cryptocurrencies in daily performance. Traders and analysts watched closely as trading volumes surged.

Strong Trading Activity Boosts LINK Price

The GLNK debut sent Ethereum’s Chainlink token toward $14.40, briefly reaching $14.63 before minor pullback. Daily volume spiked 183 percent above the 24-hour average, with 6.71 million tokens exchanging hands at peak hours. LINK maintained an ascending trendline from its $13.35 base, signaling steady support during the rally. By the end of the session, total assets in the fund reached $64 million, while trading volume hit approximately $13 million. Analysts noted the activity as a strong signal for early investor confidence.

This product gives U.S. investors direct exposure to Chainlink without navigating traditional ETFs. GLNK holds the native LINK token, allowing standard brokerage access. Bloomberg analyst Eric Balchunas called the debut “another insta-hit” in the growing crypto ETF market. Large investors quickly acted, with 4.73 million LINK purchased in just 48 hours. Many view the strong demand as validation of both the token’s utility and the fund’s accessibility.

Market Impact and Future Outlook

LINK outperformed the CoinDesk 5 Index by more than four percentage points, while the broader index rose 3.3 percent. The token formed consecutive higher lows over the trading session, holding above key support levels despite rejecting session highs. Market watchers highlighted that trading momentum aligned with the broader push toward regulated crypto products in the United States. Analysts expect interest to persist as more investors explore ETF-like exposure without managing wallets or private keys.

The GLNK product also sets a precedent ahead of Bitwise’s pending Chainlink ETF. Bitwise has filed for approval under the ticker CLNK, currently listed on the DTCC. While listing does not guarantee approval, market participants are closely monitoring any regulatory updates. Successful ETF launches could attract more mainstream capital to LINK and strengthen liquidity in secondary markets. The combination of rising demand, structured exposure, and strong early performance may signal a bullish environment for LINK.

Analysts advise traders to watch support levels near $13.35 while tracking ascending price trends. Future price movement may depend on both continued investor inflows and any approval news from the Bitwise product. LINK’s strong start highlights growing institutional acceptance and the potential for further market traction. This debut reflects growing confidence in regulated crypto investment products.