Bitwise Launches Chainlink ETF on NYSE Arca to Compete With Grayscale

Bitwise Launches Chainlink ETF

Bitwise Asset Management launched the Bitwise Chainlink ETF on NYSE Arca on January 14.
The fund trades under the ticker CLNK with a management fee of 0.34%, waived for three months on the first $500 million in assets.
Chainlink is described as essential infrastructure for connecting blockchains to real-world data.
Applications like lending platforms and prediction markets use Chainlink for executing transactions automatically.

Fee Competition

CLNK's fee of 0.34% is slightly lower than Grayscale's 0.35%. Both funds have fee waivers to attract investors.
Grayscale's LINK ETF, launched December 2, 2025, has $87.5 million in assets with fees waived until March 2, 2026, or until reaching $1 billion in assets.
Both ETFs use Coinbase Custody Trust Company for secure token holding and list on NYSE Arca.
Neither fund is registered under the Investment Company Act of 1940, resulting in fewer regulatory protections.

Market Context

LINK traded at $14.12 on January 14, marking a 5.39% gain over 24 hours.
Chainlink controls about 49% of the oracle market by assets protected, far ahead of its competitor Pyth at about 10%.
Chainlink has facilitated over $27 trillion in transaction value across more than 70 blockchains since 2017.
Bitwise is expanding its altcoin ETF lineup, having filed for 11 new crypto ETFs, including Tron and Zcash, on December 31.