TREE NEWS reports: Grayscale’s GLNK ETF received 203,810 LINK worth about $2.38 million from Coinbase Prime, on-chain tracker Onchain Lens shows. Over the past 18 days the ETF has accumulated roughly 1.05 million LINK, valued at about $12.12 million. The transfers mark continued inflows into the Grayscale-linked product.
Grayscale ETF Adds 203,810 LINK, 1.05M in 18 Days
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AI take
The steady drip of LINK into a Grayscale-linked product is the notable part here: accumulation via Coinbase Prime transfers suggests an institutional-scale vehicle building exposure through a period rather than a one-off allocation. It matters less for the dollar amounts, which remain modest, than for what it signals about how LINK is being accessed by investors who prefer ETF wrappers over direct custody. Whether this pace of inflows persists, and whether comparable products follow, is the open question worth tracking.
Generated by AI for reference only.
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