Bitwise announces LINK ETF plans: Will this boost Chainlink to $15?

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Bitwise announces LINK ETF plans: Will this boost Chainlink to $15？

Bitwise has announced plans to roll out their own Chainlink ETF, named CLINK.

The announcement sent a strong signal that institutional interest in LINK is materializing, and this is no longer speculative, as referred to by many before.

Grayscale was the first to test demand with its GLINK product back in mid-December, but Bitwise stepping in now confirms that the appetite runs deeper than a single issuer.

Perfect timing for the launch

Timing also matters here. LINK recently pulled back just enough to fill a long-standing market imbalance around the $13 level on the daily chart.

Rather than triggering panic, that retracement appears to have steadied the structure.

Buyers have quietly stepped back in, and the price gained momentum, suggesting that the dip served more as a reset than a breakdown.

Source: TradingView

LINK ETFs still record significant inflows

ETF flows reinforced that view. Grayscales LINK ETF alone recorded roughly $63 million in inflows over the past 24 hours until press time.

That level of capital movement is difficult to dismiss, especially in a market that has recently been selective about where money flows.

Source: SoSoValue

At the same time, LINKs Open Interest has continued to climb, pointing to growing institutional positioning rather than short-term retail speculation.

Over the last 24 hours alone, the networks OI surged to 250.578 million.