🚨 Bitwise Confirms Chainlink ETF Launch Timeline 🔗

The Bitwise Chainlink ETF has officially cleared its final regulatory hurdle with the U.S. Securities and Exchange Commission. The fund received auto-effective approval to list on NYSE Arca under the ticker CLNK, making it the second spot Chainlink ETF in the U.S. after **Grayscale’s GLNK. However, Bitwise has pushed the launch to February 2026, with its prospectus set to be used starting Feb 1.

⏳ The delay appears linked to market conditions and operational setup. While Bitwise has named Attestant Ltd as its preferred staking provider, LINK staking is not yet enabled. To attract early inflows, Bitwise will waive its 0.34% management fee for the first three months on up to $500M AUM. Coinbase Custody Trust Company will act as custodian, while BNY Mellon will handle cash custody.

📊 The ETF is expected to offer regulated exposure to the Chainlink ecosystem, potentially boosting institutional interest. Still, short-term price action remains cautious. LINK is down around 3% in 24 hours, trading near $13.19, with volume slipping nearly 20% as derivatives data shows increased selling pressure.

Will CLNK reignite momentum for $LINK once trading begins, or will macro uncertainty keep gains on hold? Binance traders are watching closely. ⤵️