đ BREAKING: Grayscale Launching Chainlink ($LINK) ETF â What It Really Means!
The crypto world just got a BIG boost! Grayscale is officially rolling out the first-ever U.S. spot Chainlink ETF (GLNK) â giving traditional investors a regulated gateway into LINK. đđ„
But hereâs the twist đ
Even with this bullish milestone, $LINK dropped nearly 11%, falling to around $11.95 amid a broader market sell-off. Trading volume jumped 135% â meaning huge activity⊠but also heavy selling pressure.
đĄ Why This News Still Matters (Long-Term)
The ETF converts Grayscaleâs existing trust into a fully tradable spot ETF.
Coinbase Custody is handling storage â strong institutional trust signal.
Demand for real-world blockchain infrastructure (like Chainlink oracles) continues to rise.
More asset managers are preparing $LINK ETFs â the market is maturing.
đ Price Action Right Now
RSI dipped below 30 â LINK is officially oversold.
Support at $11.90â$12.00 is being tested.
If this zone holds, $LINK could bounce. If it breaks, $11.50 is next.
Resistance sits at $13.12â$13.40 for any bullish reversal.
đŻ My View
Bullish fundamentals + bearish price = opportunity for patient investors.
The ETF launch opens $LINK to big money, even if the short-term chart looks scary.
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