The SEC approved Bitwise’s spot Chainlink ETF to list on NYSE Arca under ticker CLNK with an expected launch this week. The fund will seed with $2.5M (100,000 shares at $25). Coinbase Custody will hold LINK assets and BNY Mellon will handle cash custody; Attestant Ltd. is named preferred staking provider as a secondary objective. Bitwise offers a full fee waiver for three months (up to $500M), then charges a 0.34% management fee. Following the announcement LINK traded near $13.86 (up ~11% over the week) with volume +~45% and futures open interest around $665M. Grayscale’s Chainlink ETF has seen steady inflows (~$62M), and Bitwise manages roughly $15B in crypto AUM.

SEC approval to list a spot Chainlink ETF and an imminent launch are concrete catalysts; the fund will seed with $2.5M, use Coinbase Custody for LINK and BNY Mellon for cash custody, and offers a 3-month fee waiver before a 0.34% management fee. Market reaction noted: LINK near $13.86 (+~11% week), volume +~45%, futures OI ~$665M; Grayscale inflows (~$62M) and Bitwise’s ~$15B AUM indicate institutional demand.