Chainlink surges after the debut of its ETF

Chainlink soars after the debut of its ETF

Source: Criptonoticias Original Title: Chainlink se dispara tras el debut de su ETF Original Link: https://www.criptonoticias.com/mercados/chainlink-dispara-debutar-propio-etf/ Chainlink [image]LINK(, the native cryptocurrency of the oracle network of the same name, has experienced a notable price increase due to the arrival on the market of an exchange-traded fund )ETF( based on the crypto asset.

LINK surged from $11.74 to $14.73 in a 24-hour period, representing an 18% increase. This movement positions it as the fourth cryptocurrency with the highest price increase in the last 24 hours )within the top 100 by market capitalization(.

![Gráfico de velas verdes y rojas del precio de chainlink en la última semana.])https://img-cdn.gateio.im/webp-social/moments-595eb69e00-30702e112c-153d09-6d5686.webp(

LINK serves as a payment unit for oracle services, staking, and node incentives.

The bullish price momentum is attributed to the debut of the LINK-based ETF managed by investment fund Grayscale, with the ticker GLNK, a milestone marking the first such fund to trade on the NYSE )New York Stock Exchange(.

The fund received $41 million in capital inflows on its first trading day. With this result, the CEO of Grayscale mentioned that it is “a clear sign of broader market demand for exposure to chainlink. This is just the beginning. There will be more.”

This new investment product has a certain custody platform as its preferred broker, the entity designated for executing trades and holding the underlying digital asset.

Grayscale’s decision to launch this fund reinforces its view that the Chainlink oracle network is a fundamental nexus between the digital asset ecosystem and the established financial system.

Grayscale argues that while public digital asset networks promise to transform money and finance by reducing reliance on centralized intermediaries, this transformation can only materialize if such networks can reliably connect with the real world, a function enabled by the Chainlink oracle network.

The digital asset’s market capitalization reflects this projection of adoption and integration.