Chainlink Investors Eye LINK Gains Ahead of Bitwise ETF Launch

CryptoNewsFlash
LINK0,67%
RWA0,11%

  • Bitwise proposes its Chainlink ETF launch to February 1 after following the U.S. SEC approval for trading on the NYSE.
  • LINK price eyes further price rallies based on strong institutional interest, Chainlink partnerships, and position in RWA.

Bitwise Asset Management has received approval from the U.S Securities and Exchange Commission (SEC) to list its Chainlink ETF on NYSE Arca. This approval now gives Chainlink (LINK) investors hopes for price gains, as they also anticipate the ETF launch. Bitwise Chainlink ETF Listing on NYSE Recent filings on the SEC website revealed that Bitwise would launch its Chainlink exchange-traded fund (ETF) under the ticker CLNK on the NYSE. The fund, which would allow investors to gain direct exposure to Chainlink, is expected to begin trading in February. In the 424B3 submitted to the US SEC, Bitwise Investment Advisers revealed plans to use this prospectus on February 1. The SEC approval follows Bitwise’s Form 8-A and S-1 amendment filings with the agency. These filings are a required step for securities intended to trade on national exchanges.  Bitwise submitted both statements on Monday under the Securities Act of 1933, updating disclosures of the structure and operation of the trust. For now, the Bitwise Chainlink ETF has not enabled LINK staking. However, Bitwise previously mentioned Attestant Ltd as a preferred staking agent. Additionally, the trust will charge a unitary management fee of 0.34% per year, according to the S-1 amendment prospectus. This calculation would be based on the value of the trust’s Chainlink holdings. However, Bitwise has agreed to waive the entire sponsor fee for the first three months on up to $500 million in assets under management (AUM). Coinbase Custody Trust Company will serve as custodian, responsible for safeguarding the assets and segregated accounts holding LINK.  Furthermore, shares of the ETF will be created and redeemed in blocks of 10,000 shares, referred to as a basket. Bitwise Investment Manager LLC is expected to purchase the initial baskets of shares for $2.5 million. This is equivalent to 100,000 shares at $25.  LINK Price Eyes New Rally Crucially, CLNK from Bitwise could become the second LINK ETF to trade in the U.S. Grayscale Investments debuted the first LINK ETF, GLNK, in the U.S on December 2, 2025. On the first day of trading, the Graycale LINK ETF accumulated inflows reaching $41.5 million. According to SoSoValue data, the total inflow has reached $63.32 million, with total AUM exceeding $85 million. Similar to GLNK, market participants anticipate a strong demand for the Bitwise Chainlink ETF. Analysts now expect that consistent inflows into the ETF following its launch would support further LINK price rallies. MarketCap data shows LINK has pared earlier gains and fallen 3.3% over the past 24 hours. The price is currently trading at $13.16, with a trading volume of $729 million. Also, the 24-hour low and high are at $13.24 and $13.90, respectively. Besides the ETF push, LINK price is expected to climb higher, leveraging recent Chainlink partnerships and interest in tokenization. In our last update, we examined how BitMEX partnered with Chainlink to use its Data Streams. In addition, Chainlink recently received recognition as one of the top blockchains in real-world asset crypto development.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

ADA Price Weakens Under Resistance While Large Wallets Accumulate

Key Insights: Cardano trades below all major moving averages, reinforcing bearish pressure while price struggles to reclaim even short-term resistance levels across multiple timeframes. Whale wallets holding large ADA balances have steadily accumulated since February, reaching their

CryptoNewsLand3h ago

Dogecoin Holds Near $0.09 as April Pattern Shapes Outlook

Key Insights Dogecoin maintains stability above the $0.09 support, with buyers defending the level despite consistent selling pressure that limits strong upward momentum in early April trading sessions. April performance remains historically mixed, with past rallies and declines shaping

CryptoNewsLand3h ago

SHIB Holds Weak Range as Burn Rate Drops and Pressure Builds

Key Insights SHIB remains within a long-standing descending channel, with price stuck in the lower range and unable to break persistent resistance levels. The burn rate dropped sharply, removing a short-term support factor and reducing retail-driven momentum seen earlier during increased

CryptoNewsLand3h ago

Bitcoin tends to outperform gold and stocks after global shocks, Mercado Bitcoin finds

According to a study from Mercado Bitcoin, Bitcoin outperformed gold and the S&P 500 in the aftermath of major global crises, displaying stronger returns during economic shocks. Despite its volatility, it has shown resilience and growth during turbulent times.

CoinDesk4h ago

BTC Consolidates At $67,105 As Renewed Whale Accumulation Sparks Bitcoin Breakout Hopes

Bitcoin (BTC) is attracting serious attention from big investors, according to a market observation disclosed today by analyst Ali Martinez. The analyst shared data on X, revealing that whales have accumulated a total of 10,000 BTC over the past 72 hours, a clear signal that high-net-worth investors

BlockChainReporter4h ago

SHIB Price Rises on Golden Cross and Growing Market Activity

Key Insights The Shiba Inu price rose about five percent as an hourly golden cross and higher volume signaled renewed trader participation and short-term momentum strength. Exchange outflows and rising liquidity suggest accumulation behavior among holders while reinforcing price stability

CryptoNewsLand4h ago
Comment
0/400
No comments