Chainlink (LINK) is stealing the show after Grayscale filed paperwork for a Chainlink exchange-traded fund (ETF).
The token is trading around $23.11 at writing, up more than 3% on the day, and trading volume has spiked by over 80%.
With the ETF news spreading and adoption updates rolling in, LINK is getting fresh attention from traders and institutions alike.
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Why Chainlink Price Is Pumping Now
The recent price action isn’t just about the ETF buzz. On September 4, Chainlink’s reserve added 43,937 LINK, bringing its total to over 237,000 LINK, worth roughly $5.3 million.
What makes this important is that these reserves come from enterprise adoption and DeFi revenue, and they aren’t going anywhere for years.
That means less selling pressure and a stronger sense of scarcity, which tends to make investors feel more confident holding LINK.
Chainlink has also been busy expanding its reach. It recently launched real-time data streams for U.S. equities and ETFs in partnership with ICE, and it integrated Proof of Reserve with SolvBTC to help secure over $2 billion worth of tokenized Bitcoin.
These kinds of moves show how Chainlink is positioning itself as critical infrastructure for tokenization and institutional-grade DeFi.
Grayscale’s ETF Filing
The real spark, though, is Grayscale’s ETF filing. On September 5, the firm submitted plans to rebrand its existing Chainlink Trust into the Grayscale Chainlink Trust ETF.
If approved, it will trade on NYSE Arca under the ticker GLNK. For investors, that means they’ll be able to get exposure to LINK through a regulated ETF without needing to hold the token directly.
The filing lays out some key details: Coinbase Custody would act as custodian, The Bank of New York Mellon would be administrator and transfer agent, and Coinbase would serve as prime broker.
Grayscale Becomes Second to File for a #Chainlink ETF.
— TheCryptoBasic (@thecryptobasic) September 8, 2025
Grayscale Investments has become the second asset manager to file for a Chainlink exchange-traded fund (ETF).
The firm submitted its registration for the Grayscale Chainlink Trust on Sept. 5, 2025, moving closer to bringing… pic.twitter.com/2Lr7WHeOSI
The ETF would charge a 2.5% annual fee, payable in LINK. While staking won’t be part of the structure yet, the fund would still require LINK to be held in large amounts, tying demand directly to the token itself.
That matters because we’ve already seen what ETFs can do. Bitcoin ETFs drew billions in inflows earlier this year, and Ethereum ETFs weren’t far behind. If LINK joins the list, it could bring a flood of new institutional demand.
What LINK Price Could Look Like With an ETF
So, what happens if the ETF gets approved? With a current market cap around $15 billion, even a modest wave of ETF inflows could lift LINK into the $30–$40 range in the short term. That would be similar to what we saw when Ethereum ETFs hit the market.
If the ETF really takes off and combines with Chainlink’s growing adoption, the LINK price could push into the $50–$70 range over the next year.
That would value Chainlink between $30–$45 billion, still smaller than Ethereum, but enough to cement it as one of the most important altcoins in the market.
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Chainlink already has the fundamentals in place: strong partnerships, reserves that reinforce scarcity, and proven real-world utility. An ETF would add another major catalyst on top of that by opening the door to institutional capital.
Nothing is guaranteed, but the combination of adoption, supply dynamics, and ETF speculation sets the stage for LINK price to break out of its mid-$20 zone. If regulators give Grayscale the green light, this could be the moment that puts LINK back on the path to much higher levels.
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