Grayscale has increased its Chainlink holdings through its Chainlink ETF, purchasing an additional 159,480 LINK tokens valued at approximately $2.36 million sourced from a Coinbase Prime hot wallet. This transaction continues the fund's accumulation pattern throughout September.
In the same month, Grayscale made multiple purchases totaling approximately 629,100 LINK tokens worth roughly $8.37 million. These transactions included 88,661 LINK valued at $1.34 million, 177,210 LINK worth $2.27 million, and 203,810 LINK valued near $2.40 million at various intervals.
Institutional activity surrounding Chainlink has expanded beyond Grayscale. Bitwise filed a new SEC prospectus for its Chainlink ETF that includes plans to allocate 20% of the fund's LINK holdings toward staking, integrating both underlying asset exposure and staking rewards into the product.
Chainlink's adoption in traditional finance has also accelerated. Bottomline, one of the world's largest SWIFT service providers serving more than 600 banks, launched Global Pay Connect utilizing the Chainlink ecosystem. The network handles over $16 trillion in payments annually and enables banks to integrate blockchain capabilities without leaving their existing systems.
Price Movement
LINK reached $15.80 on its weekly timeframe, marking a 2026 high before retracing to $14.43 at the time of reporting. The price remained above the $13.75 support level. A sustained weekly close above $15.80 could potentially open the path to the next resistance around $17.63, while a break below $13.75 could shift focus toward $11.18.
