Bitwise Asset Management has announced the launch of its Chainlink ETF (CLNK) on NYSE Arca, scheduled for February 1, 2026, following approval from the SEC. The ETF will track the Chainlink-Dollar rate, marking a significant institutional endorsement for Chainlink. Managed by CEO Hunter Horsley, the ETF will have Coinbase Custody as its crypto custodian and BNY Mellon handling cash holdings, initially trading with a management fee waiver. The introduction of the Bitwise Chainlink ETF is expected to enhance institutional access to Chainlink, potentially influencing LINK's market prices and dynamics. This move could lead to increased institutional investment in Chainlink and further integration of digital assets into regulated financial products. The launch may also present competition to existing products like Grayscale’s ETF, highlighting the growing trend of regulated crypto investment vehicles.