Chainlink ETF adds $10M as fund assets decline
Image: AMBCryptoThe Bitwise Chainlink ETF added about $10 million in new money over two days, according to SoSoValue data. The fund's total net assets fell to $229.38 million from $249.41 million in the same period. Cumulative net inflows were roughly $179.61 million. Bitwise received a $1.17 million LINK transfer from Wintermute. LINK's price dropped, lowering the fund's asset value despite fresh capital.
Key points
- The Bitwise Chainlink ETF added about $10 million in new money over two days, according to SoSoValue data.
- Cumulative net inflows into the Chainlink ETF stood at roughly $179.61 million.
- Chainlink secures about 60.28% of all tracked oracle value.
Why it matters
The ETF drew new money while its dollar value fell because LINK's price dropped. Chainlink's large share of tracked oracle value has not automatically raised demand for the LINK token.
Price context · LINK
At publication
$12.08
Now
$12.00
Change since
−0.66%
7 days · dashed line = publication
Sources · 2 publishers
Blockonomi
Tier 3
Chainlink (LINK) Price: ETF Inflows Rise While Token Value Falls
Coverage timeline
- First reported by AMBCrypto
- Also reported by Blockonomi
- CryptoVideos brief published
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