Bitwise Launches Spot Chainlink ETF on NYSE Arca

Bitwise Asset Management launched its spot Chainlink exchange-traded fund, ticker CLNK, on the New York Stock Exchange Arca on January 14, marking the second U.S.-listed ETF directly holding the cryptocurrency's native token, LINK. The debut provides investors with regulated access to Chainlink through traditional brokerage accounts, following Grayscale's Chainlink Trust ETF, which began trading under the ticker GLNK in early December.

The Bitwise fund started with 2.5 million in seed capital, issuing 100,000 shares priced at 25 each. On its first trading day, it recorded net inflows of approximately 2.59 million, according to data from fund tracking services. Net assets reached about 5.18 million, with trading volume totaling 3.24 million. The ETF carries an annual management fee of 0.34 percent, which Bitwise has waived for the first three months on up to 500 million in assets to encourage early adoption. Coinbase Custody will secure the LINK holdings, while BNY Mellon manages cash custody. Although staking is not currently offered, Bitwise has identified Attestant Ltd. as a potential provider for future implementation, pending regulatory approval.