Key Insights:
- LINK price went near the November low, but held steady at $12.04.
- Grayscale’s Chainlink Trust ETF (Ticker: LINK) will begin trading on NYSE Arca on Tuesday.
- Despite the hype around the ETF, the price hasn’t shown a significant uptick, but has not capitulated either.
Chainlink (LINK) kicked off December on a rough note. LINK price was down over 6% over the last 24 hours. The price fell by over 3% over the week, and it was almost 30% below its price a month ago. Tomorrow, Grayscale’s LINK Spot Exchange Traded Fund (ETF) (Ticker: LINK) will go live on the New York Stock Exchange (NYSE Arca).
LINK Price Near November Lows
Apparently, Sunday’s crash was strong enough to hammer LINK close to its November low ($11.1). It was trading at $12.1 at publication time.
Our last price analysis explained how LINK surged to $13.3 from a compression phase. That analysis was published two days ago.
Allegedly, the rise in Japanese bond yields spooked the crypto market enough to trigger over $600 million in liquidations. Bitcoin (BTC) dropped to ~$86,000, a 5% drop over the last 24 hours.
As of December 1st, LINK’s monthly chart shows four red candles. Essentially, LINK’s month-end price was below its opening price in the last four months.
LINK’s performance is worse on the 1-day chart. A clear downtrend is visible on the one-day chart beginning in August this year.
The $12 to $13 has been highlighted as a key demand zone. $10 is the next major strong support level according to the LuxAlso smart money concepts chart analysis.
A drop below $10 could open doors to more intense drops due to leverage-based crashes. LINK’s lowest price level this year was $10.1, marked on April 7th.
Sunday’s dip below $12 is not alarming; however, the points of interest are close to the press time price level. These key points include $11.59 and $11.73, dangerously close to today’s low of $11.1.
LINK was seen at $11.59 and $11.73 on unusual trading days – November 21st and 22nd, immediately following the post-Nvidia earnings market slump. That the latest price level hasn’t fallen below these levels potentially suggests the overall downtrend hasn’t suddenly intensified.
Grayscale Expands ETF Series With Trust ETF (LINK)
Grayscale’s LINK Spot ETF (LINK) will go live on the New York Stock Exchange Arca on Tuesday. It will become the first LINK Spot ETF in the US. This is the asset management giant’s sixth crypto spot ETF.
LINK is the native token of the Chainlink network.
Grayscale currently sponsors 6 active crypto Spot ETFs. Grayscale sponsors two BTC ETFs (GBTC and BTC), two Ethereum ETFs (ETHE and ETH), one Solana ETF (GSOL), one XRP ETF (GXRP), and one DOGE ETF (GDOG).
The ETF was originally launched as the Grayscale Chainlink Trust in 2021. Moreover, the trust trades over-the-counter; it is listed as GLINK on the OTCQX. The prospectus for the NYSE Arca listing was filed on November 12th, 2025.
Grayscale has an in-house crypto categorization framework developed in partnership with FTSE/Russel – “Grayscale Crypto Sectors”. The framework divides the crypto market into six sectors. Chainlink falls under the ‘Utilities and Services Crypto Sector’. Grayscale stated that there are 261 cryptocurrencies across the six sectors, with a cumulative market capitalization of over $3.5 trillion (as of September 25, 2025).
According to Grayscale, “This [Utilities and Services] Sector includes crypto assets that aim to deliver practical and enterprise-level applications and functionalities.”
In non-technical terms, Chainlink provides decentralized, secure bridge services that connect traditional data, such as price data and money itself, between traditional systems and blockchain systems. Note that this is a highly reductive description of Chainlink’s offerings.
Moses K is a crypto journalist covering markets, regulation, and blockchain trends. He has written for The Coin Republic, Coinchapter, Cryptopolitan, Cryptotale, Coinspeaker, and MPost. Known for his concise, data-driven reporting, Moses focuses on price analysis, on-chain metrics, and policy developments shaping the global digital asset landscape.
