Chainlink Spot ETFs Record $1.06 Million Outflows as Grayscale GLNK Leads Withdrawals
U.S.-listed spot Chainlink (LINK) exchange-traded funds recorded $1.06 million in net outflows on November 6, ending four consecutive trading days without net inflows or withdrawals. The withdrawals were entirely attributed to Grayscale's Chainlink Trust ETF (GLNK), according to SoSoValue data published by TokenPost.
The latest figures emerged during a relatively quiet period for altcoin investment products, with several cryptocurrency ETFs experiencing limited activity. Among the tracked altcoin funds, Zcash (ZEC) products were the only ones to attract fresh capital, recording $1.77 million in net inflows on the same day.
By comparison, spot ETFs tracking Solana (SOL), Chainlink (LINK) and Hyperliquid (HYPE) registered net withdrawals, reflecting mixed investor activity across the altcoin ETF market.
Grayscale GLNK Accounts for All Chainlink ETF Outflows
The U.S. market currently has two spot Chainlink ETF products: the Grayscale Chainlink Trust ETF (GLNK) and the Bitwise Chainlink ETF (CLNK), according to CryptoTicker.
Data reported by TokenPost shows that GLNK was responsible for the entire $1.06 million withdrawal recorded across the two products on November 6. The figures indicate that the outflow was concentrated in Grayscale's fund rather than distributed across both ETFs.
Despite the latest withdrawals, the combined funds continue to hold substantial assets. Their total net assets reached $189.55 million, representing approximately 2.29% of Chainlink's market capitalization, based on SoSoValue figures.
GLNK is the older of the two investment products. It began trading on NYSE Arca in December 2025 as the first U.S.-listed spot Chainlink ETF, following its conversion from Grayscale's existing Chainlink trust.
In its latest quarterly filing, Grayscale reported that GLNK held $173.051 million in net assets as of September 30, 2026.
Chainlink ETF Outflows Coincide With Broader Crypto Weakness
The withdrawals occurred during a difficult week for digital assets. Chainlink's price declined 8.21% to $10.78 over the week, according to crypto.news, adding to the negative market backdrop surrounding the latest ETF figures.
Bitcoin investment products also experienced significant withdrawals. U.S. spot Bitcoin ETFs recorded $411.9 million in net outflows on November 6, according to data from Farside Investors.
Although Chainlink ETF flows remain relatively small compared with Bitcoin investment products, they provide an additional indicator of institutional demand for LINK, a cryptocurrency associated with blockchain oracle infrastructure.
However, the $1.06 million withdrawal represents activity from a single trading session. The figure alone does not establish a sustained trend in institutional investment or demonstrate a broader shift in demand for Chainlink.
source: coindesk
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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