Chainlink Up 4%, ETF Launches As Senate Bill Drops: Can LINK Repeat The XRP Rally?
Chainlink (CRYPTO: LINK) is up 4% over the past 24 hours, and two fresh catalysts dropped this week that could push it higher: Bitwise’s spot Chainlink ETF launching on NYSE Arca under ticker CLNK, and a Senate Banking Committee draft bill Tuesday granting LINK the same commodity status as Bitcoin (CRYPTO: BTC).
Bitwise Chainlink ETF Launches With Zero Fees For 3 Months
Bitwise received approval to list its spot Chainlink ETF on NYSE Arca, with trading expected to begin this week.
The ETF offers a full fee waiver for the first three months covering up to $500 million in assets, dropping to a 0.34% management fee afterward.
The fund launched with $2.5 million in seed capital, equal to 100,000 shares priced at $25 each.
Coinbase Custody will safeguard the LINK holdings, while BNY Mellon handles cash custody.
Although LINK staking is listed as a secondary objective, no timeline …
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