Grayscale’s Spot Chainlink ETF Defies Market Jitters, Rakes in $41M on Launch Day

Wall Street's crypto gambit just got a major data injection. Grayscale's new spot Chainlink ETF didn't just launch—it landed with a $41 million splash, proving institutional appetite for oracle networks can weather broader market storms.

The Oracle Awakens

Forget the sideways charts and regulatory hand-wringing. While traditional finance pundits hem and haw, real money is voting with its wallet. Grayscale's move to package Chainlink's decentralized oracle network into a tidy ETF wrapper shows a clear bet: the future of finance runs on verifiable, real-world data, and someone's willing to pay for the bridge.

Beyond the Bitcoin Narrative

This isn't just another crypto fund. It's a targeted play on infrastructure—the unglamorous plumbing that makes DeFi, insurance, and trade finance actually work. The $41 million debut haul signals a maturation of institutional strategy, moving past pure speculative assets toward the foundational tech that powers them. It's a bet on utility over hype.

A Cynical Take for the Road

Let's be real—the same suits who once called crypto a scam are now falling over themselves to repackage it into the very fee-generating products they understand. Some things never change. But for Chainlink? This debut proves its value proposition is cutting through the noise, one verified data feed at a time. The smart money isn't just watching the oracle; it's buying the source.

Chainlink ETF Debut Draws $41M, Signaling Demand for Regulated Altcoins

According to Bloomberg ETF analyst Eric Balchunas, the product ended its debut session with $41 million in net inflows and about $13 million in trading volume.

The figures placed Chainlink among the stronger ETF launches this year and suggested that, at least for some investors, regulated vehicles remain the preferred route into higher-risk digital assets.

The showing stands well above the opening day for the solana ETF, which recorded just $8.2 million in volume based on data from Farside Investors.

Still, the XRP ETF remains the category’s heavyweight, registering $243 million in first-day inflows, according to SosoValue.

Even so, analysts urged restraint. James Seyffart said the launch was not a “blockbuster,” though he noted that the fund quickly reached about $64 million in assets under management, including an $18 million seed allocation.

“Chainlink shows that less liquid products can still attract attention in an ETF wrapper,” he wrote, pointing to the role exchange-traded funds can play in widening market access.

So, $GLNK took in ~$42 million on day 1. Not "blockbuster" success but very good for a new launch. Volume was strong. The fund currently sits at $64 million in assets. Chainlink showing that longer tail assets can find success in the ETF wrapper too. https://t.co/CgVCxlykGr

For Chainlink itself, the debut offered little immediate relief. The LINK token is up nearly 10% over the past week but remains down more than 39% over the past year, according to price data cited by Cointelegraph.

Chainlink’s appeal lies in its infrastructure role. The network supplies on-chain applications with external data, enabling price feeds, cross-chain transfers and tokenized assets to function reliably.

As demand for decentralized finance and real-world asset tokenization grows, investors appear willing to give even second-tier tokens a closer look.

New Altcoin ETFs Steal Spotlight as Bitcoin Funds Struggle

The new Chainlink ETF comes amid the rollout of a wave of new altcoin ETFs.

Over the past month, issuers have launched products tied to Solana, XRP, and Dogecoin, with more XRP and Dogecoin funds set to list next week.

The Canary Capital XRP ETF (XRPC) debuted with $58 million in net inflows, the highest opening-day haul for any ETF this year, edging out the Bitwise Solana Staking ETF (BSOL), which launched with $57 million.

BSOL has quickly become one of the early success stories of 2025, accumulating over $660 million in assets within three weeks and avoiding a single day of outflows.

As reported, the New York Stock Exchange has approved the listing of Grayscale’s XRP and dogecoin exchange-traded funds, clearing both products to begin trading on Monday.

NYSE Arca, the exchange’s ETF-focused subsidiary, filed certifications on Friday confirming the listing and registration of the Grayscale XRP Trust ETF Shares and the Grayscale Dogecoin Trust ETF Shares under the Securities Exchange Act of 1934.

Bitwise Asset Management has also unveiled the Bitwise Dogecoin ETF as investor appetite for altcoin exposure continues to increase.