Chainlink (LINK) Pauses After Caliber Treasury Purchase and Grayscale ETF Filing
10/9/2025
Chainlink (LINK) saw its momentum stall on Wednesday, retracing part of its 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, marking the launch of its digital asset treasury strategy. The company did not disclose the amount acquired but plans to accumulate LINK over time using cash reserves, credit lines, and equity-based securities. Caliber also intends to stake its tokens to generate yield.
LINK traded down about 1% over 24 hours, swinging roughly 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, well above the 24-hour average, reinforcing support near $23. Resistance emerged at $23.49, where selling pressure indicated profit-taking.
Caliber is now the first Nasdaq-listed company to adopt a LINK-focused treasury reserve policy, signaling growing institutional interest in the token.
