Chainlink (LINK) sees 35% rise amid rising institutional ETF inflows

Chainlink (LINK) has experienced a 35% price increase over the past month, driven by renewed institutional interest and significant ETF inflows. In September, Bitwise’s CLNK and Grayscale’s GLNK recorded combined inflows of approximately $5.36 million, bringing the cumulative net inflows for these products to over $151 million.

Large-scale holders, often referred to as whales, have also been active, accumulating roughly 10.36 million LINK tokens valued at approximately $120 million during recent price corrections. Additionally, Grayscale’s ETF has been expanding its holdings through purchases from Coinbase Prime, while Chainlink’s strategic reserve has grown to include 5.86 million LINK.

Technical analysts suggest that while $11 serves as a critical short-term support level, a sustained move above $12 could trigger a rally toward targets of $13.30, $14, and eventually $15. Market participants are also monitoring the progress of the CLARITY Act and upcoming FOMC meetings as potential catalysts for further price movement.