Bitwise Launches Second Chainlink Spot ETF on NYSE Arca
- Bitwise Asset Management launched the Bitwise Chainlink ETF on NYSE Arca, marking the second LINK-based spot ETF in the U.S.
- The ETF, trading under the CLNK ticker, offers a promotional fee waiver of 0% for the first three months on up to $500 million in assets.
- Chainlink is currently trading at $14.25, its highest price in a month, after a nearly 5% increase over the past day.
- Grayscale’s competing LINK fund, GLNK, launched as a spot ETF in December and has accumulated $87 million in assets under management.
- More than seventy blockchain ecosystems are compatible with Chainlink, including Ethereum, Avalanche, Polygon, and BNB Chain.
The launch of Bitwise’s new Chainlink ETF provides investors with another avenue to invest in decentralized oracle technology that connects blockchain networks with real-world data systems. This move highlights growing interest and confidence in Chainlink’s infrastructure as an essential component of the blockchain economy.
