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Bitwise Launches Chainlink ETF to Broaden Digital Asset Portfolio

Bitwise Launches Chainlink ETF to Broaden Digital Asset Portfolio

Chainlink’s LINK token trades near $13.84 after Bitwise’s ETF launch, with traders eyeing potential price movement amid increasing regulated market exposure.

LINK

Summary

Chainlink’s LINK token was trading around $13.84, down 1.5% on the day, as market participants monitored price action following the January 14 launch of Bitwise’s Chainlink spot ETF (CLNK) on the NYSE. The ETF recorded $2.59 million in net inflows, $3.24 million in trading volume, and a $5.18 million NAV on its first day. Alongside Grayscale’s Chainlink ETF, the two products hold a combined $95.87 million in NAV and have seen $66.38 million in historical inflows, underscoring growing interest in regulated LINK investment vehicles.

Terms & Concepts
  • Chainlink: A blockchain-based decentralized oracle network that provides real-world data to smart contracts.
  • Exchange-Traded Fund (ETF): An investment fund traded on stock exchanges that holds assets such as stocks, commodities, or cryptocurrencies.
  • LINK tokens: The native cryptocurrency of the Chainlink network, used to pay for services and secure its oracle infrastructure.