Chainlink (LINK) Price Jumps 7% Following Grayscale's $37M Chainlink Trust Inflow

The price of Chainlink (LINK) has experienced a significant surge, climbing approximately 7% in the last 24 hours. This bullish momentum coincides with the first-day trading activity of Grayscale's Chainlink Trust (GLNK), which attracted a substantial $37 million in investor inflows. The launch of this dedicated investment vehicle marks a major milestone for the Chainlink ecosystem, providing institutional and accredited investors with a regulated avenue to gain exposure to the LINK token without the complexities of direct custody. Market analysts are viewing the strong initial demand for GLNK as a signal of growing institutional confidence in Chainlink's oracle network and its fundamental role within the decentralized finance (DeFi) and broader blockchain infrastructure. The positive price action reflects a market response to this new source of capital and validation.