Bitwise Asset Management launched the Bitwise Chainlink ETF on NYSE Arca on Jan. 14. The fund is the second in the U.S. to offer direct ownership of Chainlink tokens, creating competition with Grayscale’s existing GLNK product. The fund trades under the ticker CLNK with a 0.34% management fee, though the sponsor will waive the entire fee for three months on the first $500 million in assets, according to Bitwise’s announcement. Bitwise manages more than $15 billion in client assets across over 40 crypto ...

Bitwise Asset Management launched its Bitwise Chainlink ETF on NYSE Arca Wednesday, making it the second LINK-based spot ETF to trade in the U.S. At the time of writing, Chainlink is trading for $14.25—the highest it's been in the past month—after having gained almost 5% in the past day, according to crypto price aggregator CoinGecko. In a press release, Bitwise Chief Investment Officer Matt Hougan framed Chainlink's oracle infrastructure as a key connector between blockchain networks and real-world dat ...