LINK Hits Monthly High as Bitwise Launches Chainlink ETF on NYSE

Core Insights - Bitwise Asset Management launched the Bitwise Chainlink ETF on NYSE Arca, marking it as the second LINK-based spot ETF in the U.S. [1] - Chainlink's current trading price is $14.25, the highest in the past month, with a nearly 5% increase in the last day [1]. - The ETF aims to provide investors with a new investment avenue in Chainlink's foundational blockchain infrastructure [2]. Fee Structure - The Bitwise Chainlink ETF (CLNK) will offer 0% fees for the first three months on the first $500 million in assets, similar to Grayscale's promotional fee waiver [2]. - After the promotional period, CLNK will charge a fee of 0.34%, slightly lower than Grayscale's 0.35% [3]. Market Context - Grayscale's LINK fund (GLNK) began trading as a spot ETF in December and has grown to $87 million in assets under management since its inception [3]. - LINK-based exchange-traded products have been available in European markets for several years, with notable listings such as the 21Shares Chainlink ETP in January 2022 and the Global X Chainlink ETP in March 2023 [4]. Chainlink Overview - Chainlink is a decentralized oracle network that connects blockchain smart contracts to real-world data, compatible with over 70 blockchain ecosystems, including Ethereum and Avalanche [5]. - As of 2025, more than 1,600 projects utilize Chainlink's technology [5]. Company Perspective - Bitwise CEO highlighted Chainlink's consistent execution and dominance in its category, suggesting significant growth potential ahead [6].