--- title: "Grayscale expands LINK holdings as Bitwise files ETF: Can Chainlink reclaim $15.80?" type: "News" locale: "en" url: "https://longbridge.com/en/news/300569893.md" description: "Grayscale expanded its Chainlink (LINK) holdings, accumulating approximately 629,100 LINK worth $8.37 million in September. Concurrently, Bitwise filed for a LINK ETF that includes staking features. Meanwhile, Bottomline launched Global Pay Connect, integrating blockchain settlement for over 600 banks. Price-wise, LINK reached a 2026 high of $15.80 before retreating to $14.43, with analysts noting that reclaiming $15.80 is crucial for further upside." datetime: "2026-09-30T12:08:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300569893.md) - [en](https://longbridge.com/en/news/300569893.md) - [zh-HK](https://longbridge.com/zh-HK/news/300569893.md) generator: "portal-rs" --- # Grayscale expands LINK holdings as Bitwise files ETF: Can Chainlink reclaim $15.80? 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. ## **Bitwise brings staking into the ETF story** 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. Source: X The strategy, as a result, would add a staking element alongside the underlying exposure of the ETF to Chainlink. ## **Chainlink reaches more than 600 banks** 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. Source: X ## **LINK hits 2026 high, then retreats** 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. Source: TradingView * * * ## **Final Summary** - *Grayscale and Bitwise increased their institutional LINK exposure as Chainlink pushed deeper into traditional finance.* - *LINK could extend its weekly recovery in case buyers counter the retracement and reclaim the $15.80 yearly high.* ### Related Stocks - [BTC.US](https://longbridge.com/en/quote/BTC.US.md) - [BITW.US](https://longbridge.com/en/quote/BITW.US.md) ## Related News & Research - [Bitwise CEO Calls Dogecoin ETF Failure 'Tragic' as BWOW Set to Shut Down After Less Than a Year](https://longbridge.com/en/news/301380302.md) - [Bitwise 10 Crypto Index Fund swings to Q2 FY26 net asset decline of $99.26 million](https://longbridge.com/en/news/295270940.md) - [Recovery in bitcoin ETF inflows is real. It is just not complete yet.](https://longbridge.com/en/news/285041189.md) - [Standard Chartered Targets LINK At $200, Joining Hyperbullish Bitcoin, Ethereum Calls](https://longbridge.com/en/news/295413277.md) - [US Spot Bitcoin ETFs Log Largest Weekly Inflows in 10 Months Last Week](https://longbridge.com/en/news/296749322.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**