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SEC Gives Green Light for Bitwise Chainlink ETF Launching in February

Bitwise Asset Management has officially confirmed the launch of its Bitwise Chainlink ETF after receiving clearance from the U.S. Securities and Exchange Commission (SEC).

This ETF will be available on NYSE Arca under the ticker symbol CLNK, marking an important milestone for the firm.

Although approval has been granted, the fund is slated to launch on February 1, 2026, allowing Bitwise time to finalize operational details before trading begins.

This ETF will become the second spot fund offering exposure to Chainlink (LINK) in the U.S., following Grayscale's Chainlink fund, which debuted last December.

Investors will benefit from regulated access to the Chainlink ecosystem without needing to directly hold the tokens.

Bitwise has set a management fee of 0.34%, which will be waived for the first three months on assets up to $500 million, enhancing its appeal to early investors.

The digital asset will be custodied by Coinbase Custody Trust Company, while BNY Mellon will handle cash custody for the fund.

Notably, LINK staking will not be available at the ETF's launch, pending operational evaluations and market considerations.

Currently, the price of LINK is experiencing a slight decline, trading around $13.19, amidst broader market caution reflected in the reduced futures open interest.

Investors are encouraged to exercise due diligence, as cryptocurrency markets are notoriously volatile and regulatory approvals do not guarantee price increases.