Bitwise Asset Management launched its Bitwise Chainlink ETF on NYSE Arca Wednesday, making it the second LINK-based spot ETF to trade in the U.S.
At the time of writing, Chainlink is trading for $14.25—the highest it's been in the past month—after having gained almost 5% in the past day, according to crypto price aggregator CoinGecko.
In a press release, Bitwise Chief Investment Officer Matt Hougan framed Chainlink's oracle infrastructure as a key connector between blockchain networks and real-world data.
"Chainlink provides the essential oracle infrastructure that bridges that gap, powering the risk management and financial decision-making necessary for mainstream adoption," he said. "With CLNK, investors now have a new way to invest in this foundational layer of the blockchain economy.”
The fund, which trades under the CLNK ticker, will offer investors 0% fees for the first three months of trading on the first $500 million in assets. This is similar to the promotional fee waiver used by its competitor, the Grayscale Chainlink Trust ETF.
Once the promotion ends, CLNK will charge 0.34%—just slightly undercutting Grayscale's 0.35% fee.
Grayscale's LINK fund trades under the GLNK ticker and began trading as a spot ETF in December. Like many of the company's funds, GLNK existed as a closed-end trust before it converted to a spot ETF. So while the inception date is February 2021, shares weren't available outside of accredited investor circles until six weeks ago. Since its launch, the fund's assets under management have grown to $87 million.
Elsewhere, LINK-based exchange-traded products have been available in European markets for a few years. The 21Shares Chainlink ETP first listed in January 2022 and the Global X Chainlink ETP launched in March 2023.
Chainlink is a decentralized oracle network that connects blockchain smart contracts to real-world data and systems. More than 70 blockchain ecosystems are compatible with Chainlink, including Ethereum, Avalanche, Polygon, and BNB Chain. Through these integrations, over 1,600 projects are using Chainlink’s technology as of 2025.
Bitwise CEO Hunter Horsley said on X that Chainlink "has been relentlessly executing" since it launched eight years ago. "Building the behind the scenes infrastructure needed for the world to come on-chain," he added. "They dominate their category, and we believe it’s just getting started."
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