Grayscale Boosts Chainlink Holdings Amid Institutional Confidence

Grayscale Investments' holdings of Chainlink (LINK) have reached a new high, surpassing 5 million tokens valued at over $43 million.

The data from Arkham Intelligence shows that Grayscale's LINK balance accelerated in December last year and has continued since then. During this period, Grayscale bought 4 million LINK while LINK's price dropped from $15 to as low as $7.2.

This trend contrasts with several other crypto ETFs, where capital flows tend to fluctuate with market sentiment.