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Grayskull’s Chainlink ETF has seen no exits since its debut, accumulating $54.69 million in net inflows. The accumulation of whales is also still strong.
Despite these bullish indicators, the price of LINK continues to decline. Analysts are now pointing to several future catalysts that can support altcoin growth.
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The Chainlink ETF receives continued institutional interest
BeInCrypto has been mentioned before Chainlink’s first spot ETF launched on December 2 on the NYSE Arca. On its launch day, the fund recorded inflows of $37.05 million. Since then I haven’t Dead witnessalthough it recorded zero net inflows on three separate trading days.
According to data from SoSoValue, The fund saw $2.02 million in net inflows December 15th. It is worth noting that the fund’s cumulative flows have now surpassed those of other altcoin funds, Including Dogecoin products and LitecoinAlthough these funds were launched much earlier.
Meanwhile, demand for Bitcoin and Ethereum ETFs has weakened. On December 15, Bitcoin ETFs recorded $357.69 million in net exits, while Ethereum ETFs saw $224.78 million exit the market. In this context, the Chainlink ETF continues to maintain a neutral to positive trajectory.
In addition to ETF flows, data on the chain shows a remarkable accumulation among the largest holders of Chainlink. Analytics platform Santiment reports that the top 100 wallets have purchased 20.46 million LINK wallets since November 1st, worth about $263 million. This indicates a strong investor conviction.
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Analysts review key catalysts for LINK despite price decline
However, the price of LINK has not yet reflected this momentum. Data from BeInCrypto Markets shows that altcoins are down 11.1% in the past month.
The downtrend continued today, with the LINK index falling another 6% alongside the broader market’s decline. At the time of writing, the coin is trading at $12.78.
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Market analysts have identified several potential catalysts that could support Chainlink’s price. Last week, the Securities and Exchange Commission of the United States published No action message to Izaa Trust Company, in which it agreed to a three-year pilot program for the transfer of assets.
While the blockchain protocols selected for the initiative have not been finalized, analysts believe that Chainlink may emerge as a leading candidate, which will significantly increase its enterprise use case.
“Ultimately, ETH and LINK are the essential backbone for the future of the quadrillion in trading volume on the chain linked to real assets. If this basic premise is correct, the simple solution is to buy these assets when they are cheap and wait.” One of the analysts.
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Furthermore, in its market forecast for 2026, Grayscale highlighted this LINK could benefit from the continued growth in stablecoins, And asset codingand decentralized finance applications.
So while LINK’s price remains under short-term pressure, continued ETF inflows, strong whale accumulation, and growing institutional use cases suggest that fundamental demand remains intact. As asset tokenization and on-chain finance continue to evolve, these factors will likely play a major role in shaping Chainlink’s next big price move.
