Derived from Insidebitcoins, the Chainlink price has fallen 7% in the last 24 hours to $12.17 amid a 122% surge in daily trading volume to $609 million. This decline occurred despite Grayscale securing approval to launch the first US Chainlink ETF on NYSE Arca this week. The ETF, under the ticker GLNK, will convert Grayscale’s $30 million Chainlink Trust into an ETF format following SEC approval. The move is seen as a sign of regulatory openness to altcoin ETFs beyond Bitcoin and Ethereum.
Chainlink Price Drops 7% Despite Grayscale's First US LINK ETF Approval
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