Derived from TheMarketPeriodical, Grayscale announced the launch of the Grayscale Chainlink Trust ETF (GLNK), the first U.S. ETF dedicated to Chainlink (LINK), set to debut on NYSE Arca. The ETF provides direct exposure to LINK as on-chain data shows exchange reserves at an all-time low, signaling reduced liquidity and potential market tightening. The price of $LINK traded near $12.16, holding the lower boundary of a multi-month descending channel. Analysts noted the timing aligns with heavy withdrawals from major exchanges, raising questions about coordinated accumulation ahead of the listing.
First-Ever Chainlink ETF Launches as $LINK Exchange Reserves Hit Record Low
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