Chainlink’s price has jumped above $23.25, with bulls riding the latest news around Grayscale’s filing for a LINK spot exchange-traded fund. Chainlink (LINK) price rose sharply to break to highs of $23.29 and see buyers edge towards the key resistance…Chainlink’s price has jumped above $23.25, with bulls riding the latest news around Grayscale’s filing for a LINK spot exchange-traded fund. Chainlink (LINK) price rose sharply to break to highs of $23.29 and see buyers edge towards the key resistance…

LINK price jumps as Grayscale files for Chainlink ETF

2 min read

Chainlink’s price has jumped above $23.25, with bulls riding the latest news around Grayscale’s filing for a LINK spot exchange-traded fund.

Summary
  • Chainlink’s price rose to above $23.00 after Grayscale filed an S-1 for a Chainlink spot exchange-traded fund.
  • Grayscale seeks approval to convert its Chainlink Trust to a spot ETF.

Chainlink (LINK) price rose sharply to break to highs of $23.29 and see buyers edge towards the key resistance area of $24.00.

The oracle network’s native token moved higher alongside other top altcoins, but the current momentum also followed news that Grayscale had filed for a LINK spot ETF with the United States Securities and Exchange Commission.

LINK price jumps as Grayscale files for Chainlink ETF - 2

While LINK remains below the key resistance level, gains on the day and the overall outlook may allow buyers to target fresh highs.

Grayscale is one of the top crypto asset managers and its moves in the space have contributed to significant traction for altcoins.

The company is taking its growth to another level with an S-1 filing for approval to launch a Chainlink spot exchange-traded fund. 

According to an SEC filing, Grayscale has applied for permission to convert its Chainlink Trust into a spot ETF, with the asset expected to trade on the New York Stock Exchange under the ticker GLNK. Grayscale, which also has applications for ETFs tracking Dogecoin, Litecoin, Avalanche, and XRP, among others, is eyeing a cash-based model for the LINK spot ETF.

The SEC approved spot ETFs for Bitcoin and Ethereum in the U.S. in 2024, with the prices of BTC and ETH surging as the funds went live. Inflows have skyrocketed since, and analysts predict potentially notable traction for other crypto spot ETFs awaiting the securities watchdog’s nod.

Chainlink’s adoption as a decentralized oracle network has recently received a boost following the U.S. Department of Commerce’s move to bring macroeconomic data onchain.

Market Opportunity
Edge Logo
Edge Price(EDGE)
$0.10748
$0.10748$0.10748
-2.37%
USD
Edge (EDGE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

XRP Enters ‘Washout Zone,’ Then Targets $30, Crypto Analyst Says

XRP Enters ‘Washout Zone,’ Then Targets $30, Crypto Analyst Says

XRP has entered what Korean Certified Elliott Wave Analyst XForceGlobal (@XForceGlobal) calls a “washout” phase inside a broader Elliott Wave corrective structure
Share
NewsBTC2026/02/05 08:00
Republicans are 'very concerned about Texas' turning blue: GOP senator

Republicans are 'very concerned about Texas' turning blue: GOP senator

While Republicans in the U.S. House of Representatives have a razor-thin with just a four-seat advantage, their six-seat advantage in the U.S. Senate is seen as
Share
Alternet2026/02/05 08:38
Headwind Helps Best Wallet Token

Headwind Helps Best Wallet Token

The post Headwind Helps Best Wallet Token appeared on BitcoinEthereumNews.com. Google has announced the launch of a new open-source protocol called Agent Payments Protocol (AP2) in partnership with Coinbase, the Ethereum Foundation, and 60 other organizations. This allows AI agents to make payments on behalf of users using various methods such as real-time bank transfers, credit and debit cards, and, most importantly, stablecoins. Let’s explore in detail what this could mean for the broader cryptocurrency markets, and also highlight a presale crypto (Best Wallet Token) that could explode as a result of this development. Google’s Push for Stablecoins Agent Payments Protocol (AP2) uses digital contracts known as ‘Intent Mandates’ and ‘Verifiable Credentials’ to ensure that AI agents undertake only those payments authorized by the user. Mandates, by the way, are cryptographically signed, tamper-proof digital contracts that act as verifiable proof of a user’s instruction. For example, let’s say you instruct an AI agent to never spend more than $200 in a single transaction. This instruction is written into an Intent Mandate, which serves as a digital contract. Now, whenever the AI agent tries to make a payment, it must present this mandate as proof of authorization, which will then be verified via the AP2 protocol. Alongside this, Google has also launched the A2A x402 extension to accelerate support for the Web3 ecosystem. This production-ready solution enables agent-based crypto payments and will help reshape the growth of cryptocurrency integration within the AP2 protocol. Google’s inclusion of stablecoins in AP2 is a massive vote of confidence in dollar-pegged cryptocurrencies and a huge step toward making them a mainstream payment option. This widens stablecoin usage beyond trading and speculation, positioning them at the center of the consumption economy. The recent enactment of the GENIUS Act in the U.S. gives stablecoins more structure and legal support. Imagine paying for things like data crawls, per-task…
Share
BitcoinEthereumNews2025/09/18 01:27