grayscale

Hey! I get that the market is all red right now and the mood isn't the most cheerful. But while many are sighing, something important happened behind the scenes. I'm talking about Chainlink (LINK).
This week saw an event that might be underappreciated: Grayscale launched GLNK—the first US exchange-traded product entirely focused on Chainlink. And this isn't just a formality.
Instead of a quiet start typical for niche products, GLNK blew expectations out of the water. On just the first day, the fund attracted $41 million, and by the end of the day, its assets grew to $64 million. Analysts like James Seyffart from Bloomberg call these numbers anomalous for a debut, especially considering the overall bearish trend in the crypto market.
Why is this important? Let's break it down:
Strength Despite Weakness. The new product launched with a record at a time when prices are falling and investors are nervous. This is a powerful signal: demand for structured access to Web3 infrastructure (which Chainlink is) exists, and it is not dependent on the momentary price of Bitcoin or Ethereum. Investors are deliberately buying not just "crypto," but a key technology.Not Your Typical ETF. GLNK trades on NYSE Arca, but it's not a classic stock ETF (under the 40-Act). It's a product that directly holds LINK tokens. That means it offers a more direct exposure to Chainlink's assets, albeit with different risks. Institutions can now easily invest in the "guts" of blockchain ecosystems—the oracles and tokenization infrastructure.A Shift in Narrative. The market is beginning to understand that crypto investments aren't just about "digital gold" ($BTC ) or "world computers" ($ETH ). They're also about the infrastructure layers that make all this magic possible. Chainlink, by supplying real-world data to smart contracts, is such a foundation. And now you can bet on that foundation through regulated exchanges.The Domino Effect. Notice a trend? Grayscale's GLNK isn't the only sign. Last month, Bitwise registered its own Chainlink product (CLNK) with the Depository Trust & Clearing Corporation (DTCC), which is preparation for a potential launch. Institutional rails are being laid in several places at once.
In a nutshell: The success of GLNK isn't about speculating on the price of LINK. It's a dollar vote for a future where blockchains need reliable external data. It's recognition that value in the crypto space is created not only on the first layer (L1), but also in critical "middleware" layers like oracles.
Food for thought: Do you think the success of infrastructure products like GLNK is a temporary cautionary move by investors during uncertainty, or the start of a long-term trend of investing in the "building blocks" of Web3, rather than just the end products?
#Chainlink #etf $LINK #Grayscale  

BREAKING: $LINK SPOT ETF LAUNCH! Grayscale’s GLNK Debuts NYSE. Buy the Monumental Catalyst!
IT'S OFFICIAL! Grayscale has launched the first-ever Chainlink Spot ETF ($GLNK) on the NYSE (December 3rd trading day). This is a monumental step for institutional adoption of $LINK , confirming its status as a foundational infrastructure asset for tokenization. This ETF launch is a bigger catalyst for LINK than any regulatory update. $14M volume on its debut! This token is set to explode!
The thesis is Fundamental Long (Institutional).
Buy Entry: Current Price (Under $14.50)Target 1: $16.50Target 2: $20.00Trade the ETF launch! Click the Trade Button to secure your $LINK position before the institutional wave hits! 👇#LINK #etf #Grayscale #RWA

Grayscale officially launched the Grayscale Chainlink Trust ETF, also known as GLNK, on the NYSE Arca on Tuesday, marking the first spot Chainlink ETF to enter the U.S. market. The product transitioned from a private trust to a fully listed ETF following an amended S-1 filing submitted last month.
The newly listed ETF holds Chainlink’s native token, LINK, as its sole asset, offering traditional investors direct exposure to the Chainlink oracle network. A Grayscale representative told Decrypt that Chainlink was a natural choice due to the firm’s longstanding support of the network and the trust’s operation as a private fund since 2021.
A Milestone for Blockchain Oracle Exposure
According to Grayscale, GLNK makes the company the first asset manager to offer ETF access to blockchain oracle infrastructure. The spokesperson explained that the ETF will help investors engage more directly with Chainlink’s critical technology layer, which connects smart contracts to real-world data and off-chain computation.
The GLNK prospectus describes Chainlink as infrastructure that synchronizes on-chain and off-chain information, enabling a wide range of smart contract use cases across multiple blockchains.
Follows Grayscale’s DOGE and XRP ETF Conversion Path
The Chainlink ETF launch followed a similar conversion route used in Grayscale’s DOGE and XRP ETFs, which also began trading on NYSE Arca after clearing SEC procedures. The cash-only creation and redemption model used in these products requires authorized participants to manage more of the transaction process themselves, often leading to wider price spreads during early trading.
According to Grayscale, the SEC’s updated listing standards approved in September were key to enabling the GLNK launch. The firm noted that it was able to rely on a filing pathway outlined by the SEC at the onset of the government shutdown. That triggered 20 days after which the registration became automatically effective.
Strong First Day Trading Activity
Early trading showed strong investor interest. By midday Tuesday in New York, Grayscale reported very positive volume, which ultimately reached 1.17 million shares on launch day. This significantly exceeded the ETF’s average 42000 share volume and indicated strong price discovery as GLNK transitioned from OTC markets to NYSE Arca.
GLNK closed its first trading day at 11.89 dollars, marking a 5.8 percent increase. After-hours trading pushed the price to around 12 dollars, based on Yahoo Finance data.
Grayscale said it has observed enthusiasm from a wide range of investors, with secondary market activity reflecting this sentiment.
The post appeared first on CryptosNewss.com
#Grayscale #Chainlink #SEC $LINK

Grayscale Research said Bitcoin could reach an all-time high in 2026, countering concerns that the leading crypto asset will enter a deep, multi-year decline.

In a report published on Monday, Grayscale argued that it is unlikely that Bitcoin's four-year cycle could continue.

The Bitcoin cycle is a common trend that Bitcoin's price tends to undergo a serious correction after peaking every four years in accordance with the halving schedule.

“While the outlook is unclear, we believe the four-year cycle thesis will turn out to be invalid and the Bitcoin price will potentially reach new heights next year,” Grayscale analysts said.

Bitcoin has been experiencing a turbulent period since the beginning of October. Bitcoin, which fell 32% from its peak for most of November, returned to $87,000 again today after falling briefly to $84,000 yesterday.

Grayscale stated that long-term investors have historically been rewarded for maintaining their investments despite volatility, but have had to "sometimes withstand difficult declines" in the process.

Analysts added that pullbacks of 25% or more are common in bull markets, and this does not necessarily mean the beginning of a long-term downtrend.

Breaking the four-year cycle

Grayscale outlined a few reasons why Bitcoin broke away from its typical four-year rhythm.

Unlike previous bull markets, Grayscale noted that there was no parabolic rise in this cycle, which is usually seen before a major reversal.

According to the report, unlike previous cycles, institutional money in the current market structure is concentrated in exchange-traded funds and digital asset treasuries rather than individual investor activities on spot exchanges.

Grayscale added that the macro environment also continues to be relatively supportive, potential interest rate cuts and the momentum in US crypto legislation with the support of two parties provides additional winds.

Tom Lee, CEO of Ethereum treasury company BitMine, reiterating Grayscale's view, stating that there is an increasing disconnect between market fundamentals and prices.

“While key indicators measured by wallets, on-chain transactions, fees, or tokenization have progressed, crypto prices are constantly falling. Therefore, the risk/return ratio for BTC and ETH is quite attractive," he said.
#Grayscale #bitcoin