📉 Institutional demand for $LINK faces a setback.
US spot @Chainlink ETFs recorded $1.77M in net outflows on October 30, marking their worst single-day performance since launching.
The bigger picture is worth watching: these products have seen just four days of net inflows over nearly a year.
However, they still hold approximately 2.27% of $LINK 's circulating supply.
One weak day doesn't define the long-term thesis, but consistent ETF inflows will be crucial to monitor as institutional adoption of Chainlink evolves.
The real question: Will institutional demand for $LINK accelerate from here? 🔗
US spot @Chainlink ETFs recorded $1.77M in net outflows on October 30, marking their worst single-day performance since launching.
The bigger picture is worth watching: these products have seen just four days of net inflows over nearly a year.
However, they still hold approximately 2.27% of $LINK 's circulating supply.
One weak day doesn't define the long-term thesis, but consistent ETF inflows will be crucial to monitor as institutional adoption of Chainlink evolves.
The real question: Will institutional demand for $LINK accelerate from here? 🔗
