Key Takeaways
- • US spot Chainlink funds recorded a $9.48 million inflow on October 9, the first inflow after five days of no activity, with all of it going to Grayscale's GLNK fund.
- • The inflow equals roughly 0.095% of Chainlink's approximately $10 billion market capitalization, indicating limited market impact.
- • German retail investors cannot access these US spot funds due to regulatory restrictions and must use alternatives such as ETNs or direct coin purchases, which carry different tax treatment and risk profiles.
- • Fund asset changes are driven mainly by price fluctuations rather than net demand shifts, according to the source.
Summary
US spot funds holding Chainlink (LINK) tokens recorded a $9.48 million inflow on October 9, according to Pluang, ending five consecutive days without net activity. The entire inflow went to Grayscale's GLNK fund. The source characterizes the figure as modest, equal to about 0.095% of Chainlink's roughly $10 billion market capitalization, and notes that changes in fund assets largely reflect price movements rather than shifts in investor demand.
Despite the inflow, German retail investors are unable to purchase these funds because of regulatory restrictions. Investors in Germany have alternatives, including exchange-traded notes (ETNs) and direct purchases of the token, but each route carries different tax implications and risk characteristics that investors should evaluate before proceeding.
Pluang's market data as of October 11, 2026 at 04:41 WIB showed LINK trading at Rp233,772, up 2.21% over the prior day, with a market capitalization of Rp175.08 trillion and 24-hour trading volume of Rp3.22 trillion. Buy orders accounted for 70% of activity on the Pluang platform, and the typical holding period was 63 days, according to the same source. Related coverage on the broader market noted that LINK traded below several short-term moving averages with selling pressure exceeding buying, and that LINK, BNB and NEAR spot ETFs recorded net inflows while Solana ETFs posted outflows for a fifth consecutive day.
Despite the inflow, German retail investors are unable to purchase these funds because of regulatory restrictions. Investors in Germany have alternatives, including exchange-traded notes (ETNs) and direct purchases of the token, but each route carries different tax implications and risk characteristics that investors should evaluate before proceeding.
Pluang's market data as of October 11, 2026 at 04:41 WIB showed LINK trading at Rp233,772, up 2.21% over the prior day, with a market capitalization of Rp175.08 trillion and 24-hour trading volume of Rp3.22 trillion. Buy orders accounted for 70% of activity on the Pluang platform, and the typical holding period was 63 days, according to the same source. Related coverage on the broader market noted that LINK traded below several short-term moving averages with selling pressure exceeding buying, and that LINK, BNB and NEAR spot ETFs recorded net inflows while Solana ETFs posted outflows for a fifth consecutive day.
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