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Grayscale Increases Chainlink Holdings Amid Price Drop, Shows Confidence in DeFi’s Prospects

Grayscale Increases Chainlink Holdings Amid Price Drop, Shows Confidence in DeFi’s Prospects

Bitget-RWA2025/11/20 10:56
By:Bitget-RWA

- Grayscale surged LINK holdings to 1.3M tokens, quadrupling over two years despite 50% price drop, signaling long-term DeFi infrastructure bet. - Price decline pushed LINK to critical support level with low Exchange Supply Ratio, suggesting potential stabilization and buying opportunities. - Research highlights Chainlink's role in securing dApps and enabling tokenized assets, with major banks like UBS already adopting its infrastructure. - Grayscale filed a spot LINK ETF (GLNK) for December 2025 launch, m

Grayscale Investments' portfolio in

(LINK) , even as the token's value dropped by 50% from its previous quarterly high. The company's increasing trust in Chainlink's future prospects has been over the last two years, now totaling 1.3 million tokens, according to CoinGlass. This accumulation highlights Grayscale's strategic commitment to Chainlink as a core infrastructure for decentralized finance (DeFi) and asset tokenization, despite ongoing market turbulence.

The recent price drop,

, has sent back to a crucial support zone that has played a key role over the past two years. Experts believe this area could offer attractive entry points for buyers, as the token’s Exchange Supply Ratio—which tracks exchange balances as a share of total supply— . This metric often indicates less selling pressure and the possibility of price stabilization. Grayscale’s research publication, The LINK Between Worlds, between blockchain-based applications and external systems, a feature that is becoming increasingly essential for compliance and interoperability across blockchains.

Grayscale Increases Chainlink Holdings Amid Price Drop, Shows Confidence in DeFi’s Prospects image 0
Zach Pandl, who leads research at Grayscale, , which currently make up only 0.01% of the total capitalization of global equity and bond markets. The report is consistent with Grayscale’s latest regulatory moves, including a spot LINK ETF proposal (GLNK) filed with the U.S. Securities and Exchange Commission (SEC). The company , aiming for a launch on December 2, 2025. This step follows Bitwise’s Chainlink ETF (CLNK), which was listed on the Depository Trust and Clearing Corporation (DTCC) platform, reflecting rising institutional interest in the asset.

Grayscale’s optimistic outlook stands in contrast to LINK’s recent price action, which has mirrored the broader downturn in the crypto market. Nevertheless, the company’s research stresses Chainlink’s distinct role in securing decentralized applications (dApps) and supporting enterprise-level adoption.

, that leading financial firms such as Mastercard and UBS have already adopted Chainlink’s infrastructure. The increasing appetite for tokenized assets, together with Chainlink’s middleware solutions, positions the network to benefit from the growing DeFi sector.

Market analysts observe that Grayscale’s accumulation strategy is similar to its approach with

and , where long-term holding and regulatory involvement have historically strengthened investor trust. Although LINK’s price remains below its all-time high, the company’s research and ETF initiatives are designed to cement the token’s place in the digital asset ecosystem. The success of the GLNK ETF could further affirm Chainlink’s value as infrastructure, .

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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