Grayscale expanded its Chainlink ETF exposure with an additional 159,480 LINK worth nearly $2.36 million from a Coinbase Prime hot wallet. The purchase brought September accumulation to roughly 629,100 LINK, or $8.37 million, following earlier transactions of 88,661 LINK, 177,210 LINK, and 203,810 LINK. Bitwise separately filed an SEC prospectus to stake 20% of its Chainlink ETF holdings. Bottomline launched Global Pay Connect using Chainlink across its banking network, serving more than 600 banks and handling over $16 trillion in payments annually. LINK reached $15.80 before retreating to $14.43, while holding above the $13.75 support level.
Grayscale increased its Chainlink [LINK] exposure as institutional interest around the altcoin expanded through ETFs. The firm bought an additional 159,480 LINK valued at nearly $2.36 million via its Chainlink ETF, with the transaction originating from a Coinbase Prime hot wallet, according to Onchain Lens on X.
The purchase extended Grayscale’s September accumulation pattern. A day earlier, the ETF accumulated 88,661 LINK, valued at approximately $1.34 million.
One week earlier, the fund received 177,210 LINK worth roughly $2.27 million. Two weeks earlier, it received 203,810 LINK valued near $2.40 million.
Combined, the transactions brought September accumulation to about 629,100 LINK, worth approximately $8.37 million. Institutional activity also expanded beyond Grayscale after Bitwise filed a new SEC prospectus for its Chainlink ETF.
The filing includes plans to allocate 20% of the fund’s LINK holdings toward staking. This would add a staking element alongside the ETF’s underlying exposure to Chainlink.
Separately, Bottomline initiated Global Pay Connect, utilizing the Chainlink ecosystem to expand blockchain-based settlement usage across its banking network. Bottomline is among the world’s largest SWIFT service providers, serving more than 600 banks.
Its network handles over $16 trillion in payments annually. The launch will integrate blockchain capabilities without requiring banks to leave their existing systems.
Chainlink’s price reflected the broader structural recovery before encountering a rejection at its 2026 high. The weekly chart showed LINK reaching $15.80 before retracing toward $14.43 as of reporting time, while remaining above the $13.75 support level following its latest impulse move.
The rejection made $15.80 the immediate level separating the current recovery from another potential price advance. A strong weekly close above $15.80 could expose the next resistance around $17.63 before challenging the psychological $20 level.
Alternatively, an extended retracement below $13.75 could shift attention toward the deeper $11.18 support area.
