In September 2025, Grayscale and Bitwise submitted applications to create a Chainlink ETF, generating considerable market interest and an increase in the asset's price.
ETF Applications by Grayscale and Bitwise
Grayscale and Bitwise have filed for a Chainlink ETF on NYSE Arca, with Coinbase Custody as the official custodian. These actions could significantly alter the trading approach for Chainlink.
Market Reaction to the News
Following the ETF filings, Chainlink's price rose by 4.1%, reaching $23.23, highlighting increased institutional interest and creating speculation about the ETF's impact on LINK’s mainstream adoption.
Predictions and Expectations for Chainlink
Analysts predict that the ETF filings could lead to a price rally for Chainlink in the $30–$35 range, depending on regulatory outcomes. Analyst Inmortal noted, 'LINK dips slightly deeper into support before rebounding sharply, setting the stage for a rally toward the $30–$35 range.'
The filing of Chainlink ETFs by Grayscale and Bitwise emphasizes the growing interest from institutional investors and could lead to significant changes in the DeFi market.
