LINK Shows Limited Movement Following Treasury Purchase by Nasdaq-Listed Firm, Grayscale ETF Plans

Chainlink (LINK) Pauses After Caliber Treasury Purchase and Grayscale ETF News
10/9/2025

Chainlink’s native token (LINK) stalled on Wednesday after a strong start to the week, giving back some gains amid news that Grayscale filed to convert its closed-end fund into an exchange-traded fund (ETF).

Arizona-based asset manager Caliber (CWD) announced Tuesday its first LINK purchase as part of a new digital asset treasury strategy. The firm did not disclose the number of tokens acquired but said it plans to accumulate LINK over time using cash reserves, credit lines, and equity-based securities, with intentions to stake tokens to generate yield.

LINK traded down about 1% over 24 hours, with intraday swings of roughly 7% between $22.84 and $24.46, according to CoinDesk Research’s technical analysis. Volume spiked to 3.78 million units at 14:00 UTC, surpassing the 24-hour average and reinforcing support near $23. Resistance appeared at $23.49, where profit-taking created a short-term ceiling.

Caliber becomes the first Nasdaq-listed firm to implement a LINK-focused treasury reserve policy, highlighting rising institutional interest in the token.