Summary
TLDR: Analysts predict a new Chainlink (LINK) ETF will launch soon as LINK tokens gain utility in real-world asset tokenization. 21Shares holds a significant amount of LINK tokens and uses them to secure ARK’s Bitcoin ETFs. Grayscale also operates a Trust tracking LINK’s price, hinting at a possible LINK ETF in the future. The demand for LINK is increasing as institutions explore blockchain tokenization beyond ETFs._CHAINLINK_PRICE_PREDICTION_2023/2025/2030.
Key Points
1. On-chain analysts predict a new Chainlink (LINK) exchange-traded fund (ETF) will soon launch, as companies move beyond blockchain ETFs into real-world asset tokenization.
2. ARK Invest’s use of LINK to prove its Bitcoin holdings may be a sign that a new ETF is imminent, with 21 Shares holding 693,639 LINK tokens and offering them to institutional investors.
3. Tokenization creates demand for LINK as institutions look beyond ETFs to blockchain tokenization, with Chainlink’s oracles ensuring the required collateral to back up any assets issued on-chain.