Chainlink recently witnessed the launch of its first spot ETF by Grayscale, which recorded inflows of $37 million on its opening day. A second ETF from Bitwise is expected to launch soon.
Key Role: Chainlink's CCIP (Cross-Chain Interoperability Protocol) supports more than 70 blockchain networks and plays a crucial role in the tokenization of real-world assets (RWA).
Valuation: With LINK trading at around $14, it is viewed as undervalued compared to its increasing role in institutional activity on the blockchain.
LINKUSDT
Perp
13.42
-2.87%
BCHUSDT
Perp
569.54
-1.19%
BTCUSDT
Perp
88,970.4
-1.29%
