Reviewed by Reviewed by Saman Waris Updated 08:00 EDT September 30, 2026 Share Share Share Back to Top Grayscale increased its Chainlink [LINK] exposure as institutional interest around the altcoin expanded through ETFs
Reportedly, Grayscale bought an additional 159,480 LINK valued at nearly $2.36 million via its Chainlink ETF
The latest transaction came from a Coinbase Prime hot wallet, according to the transaction data shared by Onchain Lens on X. This predictably extended its September accumulation pattern
A day earlier, the ETF accumulated 88,661 LINK in one day, valued at approximately $1.34 million
Furthermore, the fund had also received 177,210 LINK worth roughly $2.27 million one week earlier and another 203,810 LINK, valued near $2.40 million, two weeks earlier
In total, the transactions combined brought September accumulation to at roughly 629,100 LINK, worth approximately $8.37 million
Additionally, the institutional activity expanded beyond Grayscale after Bitwise filed a new SEC prospectus for its Chainlink ETF
This filing involved plans to allocate 20% of the fund’s LINK holdings towards staking
The strategy, as a result, would add a staking element alongside the underlying exposure of the ETF to Chainlink
Aside from the ETF story, Bottomline initiated Global Pay Connect, utilizing the Chainlink ecosystem, expanding blockchain-based settlement usage across its banking network
In fact, Bottomline is ranked among the world’s largest SWIFT service providers, serving more than 600 banks
Additionally, its network also handled over $16 trillion in payments annually, giving the launch substantially traditional-finance reach
More importantly, the launch will integrate blockchain capabilities without requiring banks to leave their existing systems
Chainlink’s price reflected the broader structural recovery before encountering a rejection at its 2026 high
Notably, the weekly timeframe chart showed LINK reaching $15.80 before retracing toward $14.43 as of reporting time
The price, however, remained above the crucial $13.75 support level following its latest impulse move from the lower support region
It is also worth noting that the rejection made $15.80 the immediate level separating the current recovery from another potential price advance
A strong weekly close above the $15.80 level could expose the next resistance around the $17.63 region before challenging the psychological $20 level
Alternatively, an extended retracement below the $13.75 support could shift attention toward the deeper $11.18 support area
Erastus Chami is a DeFi analyst and financial journalist at AMBCrypto with over four years of experience in blockchain and fintech. He specializes in evaluating DeFi protocols, digital assets, and on-chain data to assess network health, tokenomics, and long-term viability, delivering clear, data-driven insights for crypto markets
