Bitwise Chainlink ETF approved to list on NYSE Arca, trading set for tomorrow

The Bitwise Chainlink ETF has received regulatory approval to list on the NYSE Arca, with trading potentially starting as early as tomorrow under the ticker CLNK. This fund is structured to provide investors with exposure to the price of Chainlink (LINK), the 20th largest cryptocurrency, through a traditional brokerage account, thereby reducing the operational hurdles of direct token management. The fund will directly hold LINK but will not engage in staking initially, though Bitwise intends to seek future approval to add staking as a secondary objective. The ETF carries a 0.34% management fee, with Bitwise temporarily waiving the full sponsor fee on the first $500 million in assets for the initial three months. Coinbase Custody will serve as the custodian for the digital assets.

(Source：Crypto Briefing)