Bitwise rolls out Chainlink ETF, CLNK, on NYSE Arca
Bitwise launched its Chainlink ETF, CLNK, on NYSE Arca, offering investors a new way to access the LINK token.Summary
Crypto asset manager Bitwise has debuted its Bitwise Chainlink ETF on NYSE Arca under the ticker symbol CLNK. Matt Hougan, CIO at Bitwise, stated that this ETF provides investors with a new avenue to invest in Chainlink, which acts as a foundational layer bridging real-world data and blockchain infrastructure.
CLNK follows Grayscale's Chainlink ETF, which launched on the same exchange in December. Chainlink is an oracle network connecting blockchains to external data and is utilized by entities ranging from DeFi protocols like Aave to financial institutions like JPMorgan and Mastercard. The LINK token currently ranks among the top 25 cryptocurrencies by market cap, exceeding $9.5 billion.
Bitwise's ETF carries a 0.34% fee, though it will be waived for the first three months on the initial $500 million in assets. This launch occurs amid a broader surge in crypto ETF approvals, reflecting a more accommodating regulatory environment from the SEC.
(Source：The Block)