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Analysts called the Chainlink ETF\u2019s debut a \u201csolid\u201d launch, but the development has yet to attract enough liquidity to reverse the LINK token\u2019s 39% decline over the past year.<\/p>\n
Grayscale\u2019s launch of the first US spot Chainlink exchange-traded fund (ETF) drew strong interest on its first day of trading, suggesting investors still have an app<\/a>etite for regulated altcoin products despite a broader crypto market slump.<\/p>\n Grayscale\u2019s Chainlink (LINK) ETF debuted with $41 million in cumulative net inflows and $13 million worth of \u201csolid\u201d trading volume during the first day, said Eric Balchunas, Bloomberg\u2019s senior ETF analyst, in a Wednesday X post<\/a>. \u201c$41m in first day flows. Another insta-hit from the crypto world, only dud so far was Doge, but it\u2019s still early.\u201d<\/p>\n The debut adds to signs that institutional and professional investors are waiting on the sidelines for more regulated ways to gain exposure to altcoins that can be integrated into corporate or fund strategies.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n