Bitwise has received approval to list its spot Chainlink ETF on NYSE Arca under the ticker CLNK, marking another step forward for crypto-based investment products in U.S. markets. The ETF is expected to launch this week and will allow investors to gain direct exposure to LINK without holding the token themselves.
The approval follows the firm’s recent Form 8-A filing with the U.S. SEC. With around $15 billion in crypto assets under management, Bitwise continues to expand its presence in regulated altcoin ETFs.
Chainlink ETF Fee Structure and Management Details
To encourage early participation, the ETF will offer a full fee waiver for the first three months, covering up to $500 million in assets. After the waiver period, the management fee will be set at 0.34%, in line with similar crypto ETFs.
The fund will be seeded with $2.5 million, equal to 100,000 shares priced at $25 each. Coinbase Custody will safeguard the LINK holdings, while BNY Mellon will handle cash custody, providing institutional-level support for the product.
Although LINK staking is listed as a secondary objective, no timeline has been confirmed. If staking is introduced later, Attestant Ltd. has been named as the preferred provider.
LINK Price Rises After ETF Approval
Following the announcement, Chainlink price has shown strong upward movement. LINK has gained over 11% in the past week, trading near $13.86, supported by higher trading volume.
Daily volume increased by nearly 45%, pointing to renewed interest from both retail and institutional traders. Futures data also reflects this trend, with open interest rising to around $665 million, suggesting new positions rather than short-term trades.
LINK Technical Outlook and Resistance Levels
Market analyst Ali Martinez noted that LINK could continue moving higher, with the next key level near $14.63, which marks the upper range of its current trading channel. The price structure remains positive, with no major resistance seen before that level.
Institutional Demand Grows for Chainlink ETFs
Adding to the positive outlook, Grayscale’s Chainlink ETF has reported steady inflows, surpassing $62 million so far. With another spot Chainlink ETF entering the market, institutional exposure to LINK is increasing, which could support continued demand in the coming weeks.
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FAQs
The Bitwise Chainlink ETF is a spot ETF that tracks LINK’s price, letting investors gain exposure through a regulated U.S. exchange without holding crypto directly.
The ETF is expected to launch this week on NYSE Arca, following SEC approval and completion of required regulatory filings.
CLNK offers a 0% management fee for the first three months on up to $500M in assets, then shifts to a standard 0.34% annual fee.
Spot ETFs can increase institutional access and liquidity, which may support demand for LINK, though prices still depend on market conditions.
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