LINK Sideways After Nasdaq-Listed Company Buys Tokens, Grayscale ETF on Horizon

Chainlink (LINK) Pauses Following Caliber Treasury Purchase and Grayscale ETF Filing
10/9/2025

Chainlink’s native token (LINK) stalled on Wednesday after a strong start to the week, partially reversing 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 that it had completed its first LINK purchase as part of its new digital asset treasury strategy. While the firm did not disclose the number of tokens acquired, it plans to gradually accumulate LINK using cash reserves, credit lines, and equity-based securities, with intentions to stake the tokens to generate yield.

LINK traded down roughly 1% over 24 hours, swinging 7% intraday between $22.84 and $24.46, according to CoinDesk Research. Volume spiked to 3.78 million units at 14:00 UTC, exceeding the 24-hour average and establishing support near $23. Resistance formed at $23.49, where profit-taking capped further upside.

Caliber is now the first Nasdaq-listed firm to adopt a LINK-focused treasury policy, highlighting increasing institutional interest in the token.