With Chainlink ETF on the Horizon, Is LINK Price Set for a Comeback?

Jakarta, Pintu News – Over the past month, Chainlink (LINK) has experienced a steady downward trend, dropping to as low as $11.5 as market volatility continues to pressure major altcoins. Despite showing weakness, sentiment towards Chainlink is starting to change rapidly.

With the launch of spot ETFs for XRP and Dogecoin (DOGE) this week, LINK is increasingly seen as the next prime candidate for a major altcoin ETF – a potential trigger that could significantly change the direction of its price movements.

Can Grayscale Apply for an ETF for Chainlink?

Grayscale recently released an in-depth research report that looks like a strong endorsement of Chainlink’s long-term value.

Read also: Whale Crypto Raids 35 Million Kaspa Tokens (KAS): Sign of Bull Run Coming Soon?

In the report, Grayscale emphasized that LINK acts as a critical infrastructure that enables secure communication between smart contracts on the blockchain and real-world data outside the blockchain.

The report also noted that LINK is the largest token outside of the Layer-1 category by market capitalization, providing broad exposure to various sectors within the crypto economy.

In addition, Chainlink is said to be increasingly active in forging institutional partnerships, playing an important role in the tokenization of real-world assets, and experiencing a surge in demand for its services.

Grayscale’s in-depth analysis indicates strong institutional conviction – a signal that the company may be preparing LINK as the next candidate for their ETF product.

Analysts hint that LINK ETF is coming soon

ETF analyst from Bloomberg, Eric Balchunas, also fueled speculation about the presence of the Chainlink ETF.

In two separate posts, Balchunas stated that the Chainlink ETF – possibly called Grayscale GLINK – is currently in development. He even mentioned that the ETF could be launched as soon as next week.

“The Grayscale Dogecoin ETF ($GDOG) has been approved for listing on the NYSE and is scheduled to begin trading on Monday. Their XRP ETF will also launch the same day. $GLNK is also coming soon, probably the following week,” Balchunas wrote.

After the successful launch of the XRP and Dogecoin ETFs, he reiterated on Monday that the GLINK ETF will likely debut on December 2, following the recent trend of accelerated altcoin ETF approvals.

This narrative is further reinforced by a move by the Depository Trust & Clearing Corporation (DTCC). On its website, DTCC lists the Bitwise Chainlink ETF Beneficial Interest, indicating that other LINK ETFs are also in the approval process.

Bitwise is known for its strong track record in the crypto ETF space – it launched the first Solana ETF and the second XRP ETF. With LINK already listed and Bitwise aggressively expanding its ETF portfolio, the likelihood of a LINK ETF launch in the near future is now even higher.

Read also: Dogecoin Price Prediction: Will DOGE Rise from the Selling Pressure?

LINK Price Awaits Rebound

Currently, LINK is trading at $12.81, close to the resistance level of $12.94, but still under downtrend pressure that has been ongoing for the past month.

The current technical structure suggests market indecision, but potential demand fueled by ETFs could quickly change the direction of momentum.

If a spot ETF for LINK is approved, new capital flows could potentially break the downtrend and push prices through $13.77 and even up to $14.66. A rise of this magnitude could help recover the 31% price drop witnessed since early November.

However, if the ETF approval is delayed, LINK could lose the support level and drop back to around $11.64 or lower. This scenario would invalidate the bullish projections and extend LINK’s downtrend.

FAQ

What is Chainlink (LINK)?

Chainlink (LINK) is a platform that enables communication between smart contracts on the blockchain and real-world data, serving as critical infrastructure in the blockchain ecosystem.

Why is Grayscale interested in Chainlink?

Grayscale considers that Chainlink (LINK) has an important role to play in the crypto economy as the largest non-Layer-1 token and has many growing institutional partnerships.

When might the Chainlink ETF be launched?

According to Bloomberg analyst Eric Balchunas, the launch of the Chainlink ETF by Grayscale, which may be called GLINK, could happen as soon as next week and possibly before December 2.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. This Altcoin Could Be Next After XRP, DOGE, ETF. Accessed on November 26, 2025