First US Chainlink ETF Debuts $41M Inflows, No ‘Blockbuster’ Success

Grayscale’s 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 appetite for regulated altcoin products despite a broader crypto market slump.

Grayscale’s Chainlink (LINK) ETF debuted with $41 million in cumulative net inflows and $13 million worth of “solid” trading volume during the first day, said Eric Balchunas, Bloomberg’s senior ETF analyst, in a Wednesday X post. “$41m in first day flows. Another insta-hit from the crypto world, only…