Chainlink (LINK) Pauses After Caliber Treasury Move and Grayscale ETF Filing
10/9/2025
Chainlink’s native token (LINK) cooled off on Wednesday, giving back some gains following 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 digital asset treasury strategy. The firm did not disclose the number of tokens acquired but said it plans to gradually accumulate LINK using cash reserves, credit lines, and equity-based securities. Caliber also intends to stake its holdings to generate yield.
LINK fell roughly 1% over the past 24 hours, swinging 7% intraday between $22.84 and $24.46, according to CoinDesk Research’s technical analysis. Trading volume peaked at 3.78 million units at 14:00 UTC, above the 24-hour average, reinforcing support near $23. Resistance emerged at $23.49, where profit-taking capped further upside.
Caliber becomes the first Nasdaq-listed firm to implement a LINK-focused treasury policy, signaling growing institutional adoption of the token.
