There has been no outflow from Grayscale's Chainlink ETF since its launch, and net investments have reached a total of $54.69 million. The buying activity of large holders has remained consistently strong.
Although these bull identifiers are strong, the price of LINK continues to decline. Analysts are now highlighting several upcoming drivers that could support the growth of the altcoin.
The Chainlink ETF is receiving ongoing institutional attention.
BeInCrypto reported earlier that the first spot Chainlink ETF was launched on December 2nd at NYSE Arca. On its opening day, the fund raised investments of $37.05 million. Since then, there has been no outflow at all, although on three different trading days, the net flow remained at zero.
According to SoSoValue, the ETF received a net investment of $2.02 million on December 15. Notably, the fund's total investments have already surpassed those of other altcoin ETF funds, such as Dogecoin and Litecoin products, even though they were on the market much earlier.
Meanwhile, demand for Bitcoin and Ethereum ETFs has weakened. On December 15, $357.69 million exited Bitcoin ETFs, and $224.78 million left Ethereum ETFs. In this situation, Chainlink ETF remains neutral to positive.
In addition to ETF flows, based on blockchain data, the largest Chainlink holders are increasing their holdings. According to Santiment, the top 100 wallets have purchased 20.46 million LINK since the beginning of November, valued at approximately $263 million. This demonstrates strong investor confidence.
However, LINK's price does not yet reflect this sentiment. According to BeInCrypto Markets, the altcoin has dropped 11.1% over the past month.
The downward trend continued today as LINK dropped 6% amid broader market selling. At the time of writing, the price of the coin was $12.78.
Market analysts have identified several potential factors that could support Chainlink's price. Last week, the U.S. Securities and Exchange Commission issued a no-action letter to the Depository Trust Company, approving a three-year pilot program for asset tokenization.
The blockchain protocols selected in the project have not yet been decided. According to analysts, Chainlink could become a key candidate, significantly strengthening its institutional use case.
“Ultimately, ETH and LINK are the foundation for future on-chain trading volumes related to real-world assets. If this underlying assumption proves correct, the simplest solution is to buy these assets cheaply and wait,” the analyst commented.
Additionally, Grayscale emphasized in its 2026 market outlook that LINK could benefit from the ongoing growth of stablecoins, the tokenization of real-world assets, and decentralized finance applications.
Although LINK's price remains under pressure in the short term, ongoing ETF investments, strong accumulation by large holders, and the growth of institutional use cases indicate that demand remains strong. As asset tokenization and on-chain finance evolve, these factors could significantly impact Chainlink's next major price movement.
