Grayscale adds 159,480 LINK via Chainlink ETF; Bitwise files prospectus with 20% staking plan
Crypto News reported Grayscale bought 159,480 LINK worth nearly $2.36 million through its Chainlink ETF, and that Bitwise filed a new SEC prospectus for a Chainlink ETF allocating 20% of holdings to staking.
Why it matters
Two ETF sponsors are reported to be accumulating and product-designing around the same asset, one holding position and the other planning staking inside the fund. If the Bitwise prospectus proceeds as described, ETF structures would carry a staking yield component for LINK, which changes what a holder gets from the wrapper. Both claims rest on one unconfirmed account, so the near-term significance for LINK holders is limited until the filing and the on-chain transfers can be verified.
Key facts
Grayscale bought an additional 159,480 LINK valued at nearly $2.36 million through its Chainlink ETF.
159,480 LINKReported by Crypto News (CryptoNews.net)
Crypto News valued that 159,480 LINK purchase at nearly $2.36 million.
2,360,000 USDReported by Crypto News (CryptoNews.net)
The 159,480 LINK transfer came from a Coinbase Prime hot wallet, based on transaction data shared by Onchain Lens on X.
Reported by Crypto News (CryptoNews.net)
A day before the reported purchase, the ETF accumulated 88,661 LINK valued at approximately $1.34 million.
88,661 LINKReported by Crypto News (CryptoNews.net)
One week earlier the fund received 177,210 LINK worth roughly $2.27 million, and two weeks earlier another 203,810 LINK valued near $2.40 million.
177,210 LINKReported by Crypto News (CryptoNews.net)
Crypto News put combined September accumulation at roughly 629,100 LINK worth approximately $8.37 million.
629,100 LINKReported by Crypto News (CryptoNews.net)
Bitwise filed a new SEC prospectus for its Chainlink ETF.
Reported by Crypto News (CryptoNews.net)
The Bitwise filing set out plans to allocate 20% of the fund's LINK holdings to staking.
20 %Reported by Crypto News (CryptoNews.net)
What happened
Crypto News reported that Grayscale bought an additional 159,480 LINK, valued at nearly $2.36 million, through its Chainlink ETF, with the transfer coming from a Coinbase Prime hot wallet according to transaction data posted by Onchain Lens on X. The same outlet reported three earlier purchases described as a September accumulation pattern: 88,661 LINK worth approximately $1.34 million a day earlier, 177,210 LINK worth roughly $2.27 million one week earlier, and 203,810 LINK valued near $2.40 million two weeks earlier. Crypto News put the combined September accumulation at roughly 629,100 LINK worth approximately $8.37 million. It also reported that Bitwise filed a new SEC prospectus for its own Chainlink ETF, a filing that sets out plans to allocate 20% of the fund's LINK holdings to staking, which the outlet described as adding a staking element alongside the underlying Chainlink exposure. Every figure here rests on a single aggregator account of the transaction data, and Crypto News has not yet published anything the desk can check against a second reporting outlet.
How the story developed
- First report
First report by Crypto News (CryptoNews.net)
Grayscale expands LINK holdings as Bitwise files ETF: Can Chainlink reclaim $15.80?
- Update
Grayscale transfer of 159,480 LINK reported from on-chain data
Crypto News cited Onchain Lens transaction data on X showing a 159,480 LINK transfer worth nearly $2.36 million out of a Coinbase Prime hot wallet into Grayscale's Chainlink ETF.
- Official statement
Bitwise files new SEC prospectus for a Chainlink ETF
The filing reportedly sets out a plan to allocate 20% of the fund's LINK holdings to staking.
- Update
Earlier September LINK inflows described as accumulation
The same account listed 88,661 LINK a day earlier, 177,210 LINK a week earlier and 203,810 LINK two weeks earlier, with a combined figure of roughly 629,100 LINK.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Crypto News (CryptoNews.net) Aggregator | Grayscale expands LINK holdings as Bitwise files ETF: Can Chainlink reclaim $15.80? | Original |
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