Bitwise rolls out Chainlink ETF, CLNK, on NYSE Arca

Another exchange-traded fund tied to Chainlink’s LINK token is set to hit the market on Wednesday morning.

Crypto asset manager Bitwise debuted its Bitwise Chainlink ETF on NYSE Arca, the fully electronic subsidiary of the NYSE Group, under the ticker symbol CLNK.

“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 follows the launch of Grayscale’s Chainlink ETF in December, which also launched on the NYSE Arca, the leading stock exchange for exchange-traded products.

Chainlink is an oracle network that connects blockchains to external data. The network has been adopted by national governments, major DeFi protocols like Aave and Polymarket, and traditional financial institutions from JPMorgan to Mastercard, according to its site.

The LINK token has a market cap of over $9.5 billion, ranking it among the 25 largest cryptocurrencies, according to The Block’s price page.

Bitwise’s Chainlink ETF has a fee of 0.34%, but will not charge for the first three months on the first $500 million in assets

The launch comes amid a surge in crypto ETF approvals over the past year, following a more accommodating stance toward digital assets from both the White House and the Securities and Exchange Commission. Since Chair Paul Atkins took the helm at the SEC in April, the agency has taken steps to provide clarity for digital assets as well as approved listing standards for certain ETFs, allowing them to begin trading more quickly.