Overview
- CLNK launched as a physically backed fund holding LINK, with Coinbase Custody safeguarding tokens and BNY Mellon managing cash.
- The ETF carries a 0.34% fee after a full waiver for the first three months on up to $500 million in assets.
- Bitwise seeded the fund with $2.5 million, and day-one figures showed roughly $2.59 million in net inflows, $3.24 million in trading volume, and a $5.18 million NAV.
- Staking is not supported at launch, though Bitwise has identified Attestant Ltd. as a preferred provider should approvals allow a future addition.
- CLNK becomes the second U.S. spot Chainlink ETF, competing with Grayscale’s GLNK, as LINK trades near monthly highs and a Senate draft bill proposes commodity-style treatment under CFTC oversight.