Chainlink’s price has jumped above $23.25, with bulls riding the latest news around Grayscale’s filing for a LINK spot exchange-traded fund. Chainlink (LINK) price rose sharply to break to highs of $23.29 and see buyers edge towards the key resistance…Chainlink’s price has jumped above $23.25, with bulls riding the latest news around Grayscale’s filing for a LINK spot exchange-traded fund. Chainlink (LINK) price rose sharply to break to highs of $23.29 and see buyers edge towards the key resistance…

LINK price jumps as Grayscale files for Chainlink ETF

Chainlink’s price has jumped above $23.25, with bulls riding the latest news around Grayscale’s filing for a LINK spot exchange-traded fund.

Summary
  • Chainlink’s price rose to above $23.00 after Grayscale filed an S-1 for a Chainlink spot exchange-traded fund.
  • Grayscale seeks approval to convert its Chainlink Trust to a spot ETF.

Chainlink (LINK) price rose sharply to break to highs of $23.29 and see buyers edge towards the key resistance area of $24.00.

The oracle network’s native token moved higher alongside other top altcoins, but the current momentum also followed news that Grayscale had filed for a LINK spot ETF with the United States Securities and Exchange Commission.

LINK price jumps as Grayscale files for Chainlink ETF - 2

While LINK remains below the key resistance level, gains on the day and the overall outlook may allow buyers to target fresh highs.

Grayscale is one of the top crypto asset managers and its moves in the space have contributed to significant traction for altcoins.

The company is taking its growth to another level with an S-1 filing for approval to launch a Chainlink spot exchange-traded fund. 

According to an SEC filing, Grayscale has applied for permission to convert its Chainlink Trust into a spot ETF, with the asset expected to trade on the New York Stock Exchange under the ticker GLNK. Grayscale, which also has applications for ETFs tracking Dogecoin, Litecoin, Avalanche, and XRP, among others, is eyeing a cash-based model for the LINK spot ETF.

The SEC approved spot ETFs for Bitcoin and Ethereum in the U.S. in 2024, with the prices of BTC and ETH surging as the funds went live. Inflows have skyrocketed since, and analysts predict potentially notable traction for other crypto spot ETFs awaiting the securities watchdog’s nod.

Chainlink’s adoption as a decentralized oracle network has recently received a boost following the U.S. Department of Commerce’s move to bring macroeconomic data onchain.

Market Opportunity
Edge Logo
Edge Price(EDGE)
$0.14132
$0.14132$0.14132
-0.91%
USD
Edge (EDGE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ripple (XRP) Pushes Upwards While One New Crypto Explodes in Popularity

Ripple (XRP) Pushes Upwards While One New Crypto Explodes in Popularity

The post Ripple (XRP) Pushes Upwards While One New Crypto Explodes in Popularity appeared on BitcoinEthereumNews.com. As Ripple (XRP) is slowly recovering through
Share
BitcoinEthereumNews2026/01/18 02:41
Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40
Secure the $0.001 Price Before the BlockDAG Presale Ends in 10 Days: Is This the Best Crypto to Buy Today?

Secure the $0.001 Price Before the BlockDAG Presale Ends in 10 Days: Is This the Best Crypto to Buy Today?

Secure your position during the final 12 days of the BlockDAG presale at $0.001 before market forces take over. Learn why this Layer-1 project is seeing massive
Share
CoinLive2026/01/18 02:00