Chainlink’s native token, LINK, jumped on Wednesday to its highest price in a month following the debut of a Bitwise exchange-traded fund (ETF) tied to the asset. The ETF marks the second spot LINK fund to enter the US market, following Grayscale’s launch last month.
Bitwise Launches The US’s Second LINK ETF
Asset management firm Bitwise rolled out its Bitwise Chainlink ETF on NYSE Arca on Wednesday following regulatory approval.
The ETF, trading under the ticker CLNK, gives institutional investors regulated access to Chainlink via traditional brokerage accounts. It’s the second U.S.-listed exchange-traded fund dedicated to tracking LINK, the token that powers Chainlink’s decentralized oracle network.
Chainlink plays a key role in how blockchain systems interact with the real world. Its network feeds off-chain data — such as weather updates, price information, and election results — into smart contracts, enabling decentralized applications to respond to real-world events.
Bitwise’s CLNK will directly hold LINK, though it will not engage in staking. The firm plans to seek regulatory approval to enable staking in the future, which could allow the trust to generate additional LINK over time.
“With CLNK, investors now have a new way to invest in this foundational layer of the blockchain economy,” Matt Hougan, chief investment officer at Bitwise, said in a statement, noting that Chainlink “bridges the gap” between real-world data and blockchain infrastructure.
CLNK carries a 0.34% management fee. However, it will not charge for the first three months after debut on the first $500 million of assets, temporarily slashing costs for early investors.
CLNK follows the rollout of Grayscale’s Chainlink ETF in December, which also debuted on the NYSE Arca.
Notably, the U.S. Securities and Exchange Commission’s new listing standards, adopted in September 2025, played a key role in enabling asset managers to launch these LINK investment products.
Chainlink’s LINK rose 5.3% Wednesday to reach $14.37 — the highest it’s been in the last month — following the debut of Bitwise’s fund tied to the asset. LINK currently boasts a market cap of over $9.9 billion, making it the 20th-ranked crypto, according to CoinGecko data.
Source: https://zycrypto.com/bitwises-spot-chainlink-etf-lists-on-nyse-arca-link-price-spikes-to-monthly-high/
