Grayscale Investments’ new Chainlink Trust (GLNK) recorded a $41 million inflow on its first day of trading, a debut characterized by market analysts as a solid, though not exceptional, start. The launch provides accredited investors with a regulated vehicle for exposure to LINK, the native token of the Chainlink decentralized oracle network, without the complexities of direct custody. Despite this institutional entry point, the development has so far failed to generate sufficient market momentum to counteract the token’s broader downtrend. LINK remains down approximately 39% over the trailing twelve-month period, continuing to trade within a constrained range. The tempered initial response suggests that while demand exists for structured crypto investment products, a single fund launch is unlikely to singularly reverse established bearish sentiment for a specific asset. Market observers will monitor whether the trust can accumulate significant assets under management over the coming quarters, potentially providing a more substantial and sustained layer of institutional demand for the LINK ecosystem.
