Chainlink ETF Raises $41M on Debut as Nexchain Nears End of Stage 29 Presale
Grayscale’s Chainlink exchange-traded product (ticker: GLNK) posted a strong debut, attracting roughly $41–42 million in first‑day inflows and reaching about $64 million in assets within hours. The ETF gives U.S. investors exposure to Chainlink without holding the token directly and signals renewed institutional interest in oracle technology amid a soft market. Meanwhile, Nexchain — an AI-routing layer and blockchain presale project — is approaching the end of its Stage 29 allocation. Nexchain’s presale price remains fixed at $0.116, with a confirmed listing target of $0.30 (a projected ~259% uplift). The project reports $12,304,033 raised so far, low average fees (~$0.001), testnet 2.0 activity, and utility features for its NEX token including governance, staking, payments, AI-model access and a daily 10% gas-revenue distribution for non‑custodial holders. The presale accepts BTC, ETH, and USDT via WalletConnect on nexchain.ai. The article is a paid post/press release and not investment advice.
Bullish
The news combines a successful institutional product launch (Chainlink ETF) with momentum around an early-stage presale (Nexchain). The GLNK debut — $41–42M first‑day inflows and $64M AUM quickly — is a clear positive signal for LINK demand and institutional access, which historically supports spot liquidity and positive price pressure for the underlying asset. ETFs lowering barriers to institutional allocation tend to be bullish for market confidence in the sector. Nexchain’s presale metrics (>$12.3M raised, fixed low presale price, active testnet, low fees, revenue distribution to holders) indicate healthy early demand and utility-focused development. For traders, the immediate implication is increased interest and potential flows into LINK and related oracle/DeFi assets, and speculative capital may rotate into high‑risk presales like NEX. Short-term: expect heightened volatility — upward pressure on LINK and speculative pumps in presale tokens; traders should watch ETF flows, on‑chain LINK movement, and Nexchain stage completion events. Long-term: ETF availability can attract more institutional capital, improving liquidity and price discovery for LINK; for Nexchain, long-term upside depends on mainnet delivery, real‑world adoption of its AI features and whether tokenomics (revenue sharing, staking) sustain active usage. Risks include overall market downturns, execution failure for Nexchain, and regulatory scrutiny around crypto ETPs and token sales.