Looks like the LINK ETF got off to a strong start yesterdayEric Balchunas (@EricBalchunas):The new Grayscale spot Chainlink ETF did really solid volume on Day one of $13m and looks like it could see same again today (way more than it ever traded as a trust). Also $41m in first day flows. Another insta-hit from the crypto world, only dud so far was Doge but it's still https://t.co/wlCemHxkQP ...

LATEST: ⚡ Grayscale is expected to launch the first-ever US spot LINK ETF as early as Tuesday through a conversion of its existing Chainlink Trust, according to ETF Institute co-founder Nate Geraci and Bloomberg analyst Eric Balchunas. https://t.co/y2hYJWszZZ ...

RT BSCN (@BSCNews)🚨 SPOT $LINK ETF EXPECTED THIS WEEK - Industry analysts are calling for @Chainlink ETF to be approved as soon as the next few days... Is there truth in the noise?https://t.co/4rNeT1kvaw ...

Core Insights - The LINK token of Chainlink has fallen below $12, driven by a broader pullback in the crypto market despite anticipation for its U.S. spot ETF debut [1] - The token experienced a decline of over 11% in the past 24 hours, indicating a bearish technical outlook [1] Market Reactions - Grayscale's plan to convert its closed-end LINK trust into an ETF structure has not positively impacted the token's price, with trading potentially starting this week on NYSE Arca [2] - Traders are prioritizing technical breakdowns over regulatory developments, as evidenced by a significant volume spike to 7.14 million LINK, approximately 280% above the daily average, which contributed to the price drop below the $13.00 support level [3] Technical Analysis - The price of LINK slid to $11.94, establishing a bearish pattern of successive lower highs and confirming downside pressure [3] - Immediate support is now at $11.87, with resistance at $12.26, the previous breakdown point [7] - The analysis indicates a potential further decline targeting the $11.70–$11.80 range, with November lows at $11.39 as the next level to monitor [7]

LATEST: ⚡ Bitwise's spot Chainlink ETF has been listed on the Depository Trust and Clearing Corporation's registry, signaling that the first-ever LINK ETF may launch soon. https://t.co/W851erNDDp ...

RT BSCN (@BSCNews)🚨Bitwise filed with the SEC for a @Chainlink LINK ETF.It would be the first U.S. ETF directly backed by LINK. Here’s why this matters 👇https://t.co/In9C8WYp5C ...

RT BSCN (@BSCNews)🚨Bitwise filed with the SEC for a @Chainlink LINK ETF.It would be the first U.S. ETF directly backed by LINK. Here’s why this matters 👇https://t.co/In9C8WYp5C ...