- Bitwise’s Chainlink ETF gets final listing and registration approval on NYSE Arca.
- ETF offers regulated LINK exposure with Coinbase custody and zero fees initially.
- LINK price jumps over 7% as market sentiment and accumulation improve.
The Bitwise Chainlink ETF has received listing and registration approval to trade on NYSE Arca, with trading expected to begin tomorrow. The move clears the final step needed for the fund to start trading publicly in the U.S. market.
With the ETF going live, investors will be able to gain regulated exposure to Chainlink’s LINK token through a traditional brokerage account, without needing to directly buy or store cryptocurrency.
What Makes This ETF Different
The CLNK ETF is fully backed by real LINK tokens. Coinbase will act as the crypto custodian, while BNY Mellon will handle cash operations. To attract early investors, Bitwise is also offering a 0% management fee for the first three months.
Market reaction has been positive. LINK’s price jumped over 7% in the last 24 hours, trading around $14, helped by improving overall market sentiment.
Bigger Regulatory Tailwinds
The timing is interesting. A draft U.S. Senate proposal, known as the Digital Asset Market CLARITY Act, suggests classifying tokens like LINK, XRP, and SOL as digital commodities instead of securities if they back exchange-traded products by January 1, 2026. This would place them closer to Bitcoin’s regulatory treatment and reduce legal uncertainty.
Lawmakers are expected to discuss the bill further during a Senate Banking Committee markup on January 15, 2026, which investors are closely watching.
Signs of Strong Accumulation
On-chain data also points to growing confidence:
- Chainlink’s 100 largest wallets have been steadily accumulating LINK since early November, adding a combined 20.46 million LINK, worth roughly $263 million, to their holdings.
- Four LINK wallets, possibly tied to one whale or institution, moved $12.54M in LINK to multisig wallets.
- Exchange reserves have fallen to three-year lows, often seen as a bullish signal.
What’s Next for LINK Price
Chainlink is up over 5% and is trading near $14. A crypto analyst says the token may have already formed a bottom between $10 and $12, after staying in a downtrend for about three and a half months. That downtrend now appears to be broken, with trading volume increasing.
Source: XAnother analyst says LINK near-term resistance sits around $15 to $16, while a stronger bullish move could push prices toward the $15.8 area.
Related: CLARITY Act and Fed Pressure Shape Bitcoin’s Quiet Market Shift
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/bitwise-chainlink-etf-cleared-to-trade-on-nyse-arca-as-link-jumps/
