Chainlink Enters Regulated U.S. Markets Through ETF Approval

Chainlink Enters Regulated U.S. Markets Through ETF Approval. The U.S. Securities and Exchange Commission has approved Bitwise Asset Management’s spot Chainlink ETF for listing on NYSE Arca, marking a decisive breakthrough for LINK’s institutional journey. As a result, the ETF, trading under the ticker CLNK, allows investors to gain direct exposure to Chainlink without managing digital wallets or private keys.

Consequently, Bitwise is expected to launch the product as early as this week, making it the second spot LINK ETF to trade in the U.S. after Grayscale’s earlier entry. More importantly, this approval firmly places Chainlink within regulated U.S. equity markets, expanding access for traditional investors.

Chainlink and Institutional Market Access

According to amended SEC filings, the trust will apply a 0.34% annual management fee. However, to encourage early participation, Bitwise will waive sponsor fees for the first three months on up to $500 million in assets. Meanwhile, Coinbase will serve as custodian, ensuring institutional-grade security and asset segregation.

Although staking is currently excluded, Bitwise has signaled clear intentions to introduce staking later as a secondary investment objective. If implemented, this could enhance long-term value creation.

In response to the approval, LINK surged more than 11% on strong trading volume. Still, market analysts remain split, carefully assessing whether momentum can extend or if near-term resistance may limit further gains.

Key Chainlink Levels To Watch – January 11

Chainlink has decisively rebounded from the $11.70 support level, signaling renewed bullish interest. The price has broken above the prevailing bearish trendline, establishing a new support zone and suggesting a potential continuation phase rather than a short-term correction.

Momentum indicators support this outlook. The Relative Strength Index (RSI) remains in bullish territory, while the Bull and Bear Power indicator confirms stronger buying pressure. Together, these reinforce a constructive near-term bias for crypto signals.

Key Chainlink Levels

Resistance Levels: $17.00, $21.30, $26.20
Support Levels: $11.70, $10.00, $8.00

LINK Metrics
Total Market Capitalization: $9.3B
Chainlink 24-Hour Volume: $219M
Market Rank: #12

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