Chainlink (LINK) Price Lags Despite Zero ETF Outflows: Here’s What Could Shift the Trend

Core Insights - Grayscale's Chainlink ETF has achieved $54.69 million in net inflows since its launch, with no outflows recorded, indicating strong institutional interest [1][2] - Despite the positive inflow trends, Chainlink's price has declined by 11.1% over the past month, with a recent drop of 6% [6][7] - Analysts highlight potential catalysts for Chainlink's price recovery, including a recent SEC approval for a pilot program to tokenize assets, which could position Chainlink favorably [7][8] ETF Performance - The Chainlink ETF debuted on December 2, recording $37.05 million in inflows on its first day and has since maintained a neutral to positive trajectory [2][4] - On December 15, the ETF saw an additional $2.02 million in net inflows, surpassing cumulative inflows of other altcoin ETFs like Dogecoin and Litecoin [3][4] On-Chain Data - Accumulation among Chainlink's largest holders is notable, with the top 100 wallets acquiring 20.46 million LINK since November 1, valued at approximately $263 million [5] - This accumulation suggests strong investor conviction despite the current price decline [5] Market Context - In contrast to the Chainlink ETF, Bitcoin and Ethereum ETFs have experienced significant outflows, with Bitcoin ETFs seeing $357.69 million and Ethereum ETFs $224.78 million in net outflows [4] - The broader market sell-off has contributed to the downward pressure on LINK's price [6]