LINK Surges 7% as Grayscale’s Chainlink ETF Sees $37M in First-Day Inflow

Chainlink (LINK) has gained significant attention following the launch of the first U.S. Chainlink-focused ETF by Grayscale, which resulted in a price surge of over 20% within 24 hours, bringing LINK to approximately $14.4. The ETF, which debuted on NYSE Arca, recorded more than 1.17 million shares traded on its first day, indicating strong market participation and interest.

Polymarket has officially reentered the U.S. market with the launch of its new app, which is now available to select waitlisted users following the approval from the Commodity Futures Trading Commission (CFTC). This marks a significant milestone in the platform's operations, allowing users to engage in prediction markets once again.

BlackRock, the world's largest asset manager, has released a report indicating a bearish outlook on U.S. bonds and the economy while projecting significant gains for cryptocurrency adoption. This shift in perspective highlights the growing confidence in digital assets amidst economic uncertainty.

Chainlink (LINK) has gained 8.9%, contributing positively to the CoinDesk 20 index, which reflects a general rise in cryptocurrency performance. This increase comes amid a backdrop of fluctuating market conditions, showcasing Chainlink's resilience in a competitive landscape.

U.S. spot Bitcoin exchange-traded funds (ETFs) have experienced their fifth consecutive day of inflows as Bitcoin's price rebounds to nearly $94,000, marking its highest level in almost two weeks. This recovery follows a period of volatility in the cryptocurrency market, where Bitcoin had dipped below $90,000 earlier in the week.

21Shares has amended its filing for a spot Dogecoin exchange-traded fund (ETF) in the U.S., detailing the fund's fee structure and operational aspects as it moves closer to launch. This update signifies a strategic step in the growing cryptocurrency ETF market, particularly for Dogecoin, which has gained significant attention recently.

BlackRock's spot Bitcoin ETF options have achieved a significant milestone, securing a top 10 ranking in the U.S. with 7.7 million active contracts. This achievement highlights the growing interest and participation in cryptocurrency investment through exchange-traded funds (ETFs).

Kalshi has transitioned its event contracts to the Solana blockchain, marking a significant shift in the operation of prediction markets by integrating U.S.-regulated platforms into decentralized finance. This move aims to enhance liquidity and attract a broader user base within the cryptocurrency community.