Chainlink: Whales & ETFs – Is it a Thing?

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So, apparently, some very important people with a lot of crypto (we call them “whales” – it’s cute, right?) are suddenly really into Chainlink (LINK). And now there’s, like, a second ETF. As if one wasn’t enough. 🤷‍♀️

Apparently, this means everyone thinks Chainlink is going to be the next big thing. Except the price went down 1% today. Which…checks out. The crypto market is a real mood.

Bitwise Chainlink ETF: A Whole New Way to Invest (Maybe)

The Bitwise Chainlink ETF (ticker: CLNK) is now a thing, trading on NYSE Arca. It costs 0.34% to manage – a small price to pay for entry into the blockchain economy, I guess? Thankfully, they’re pretending they don’t need your money for the first three months if you don’t have a ton. It’s practically free!

“Chainlink…blah, blah, blah…essential oracle infrastructure…blah, blah, blah…risk management…blah…blockchain economy,” Matt Hougan, Chief Investment Officer at Bitwise stated. Look, it’s a quote. I’m just the messenger. 🙄

Opening day brought in $2.59 million. That’s…a start. It’s like opening a lemonade stand and hoping you’ll rival Coca-Cola. We’ve all been there. The fund’s got $5.18 million in assets. Baby steps, people.

For context, Grayscale’s Chainlink Trust ETF (GLNK) had a much bigger debut – $37.05 million. So, Bitwise is playing catch-up. But hey, at least combined they’re creeping towards $100 million. That’s…something. ✨

Whales Be Havin’

Besides the Wall Street types jumping on board, real, old-fashioned crypto whales are also buying Chainlink. Like, one wallet (0x10D9) grabbed almost $2 million worth. Apparently, hoarding is in.

This wasn’t a one-time thing. This same person already bought $2.7 million worth earlier! They’re clearly preparing for something. Or maybe they just really like Chainlink? 🤔

“Now the whale holds 3,42,557 $LINK worth $4.81 million accumulated in the past 2 days,” Onchain Lens posted. Someone’s got a lot of faith. Or a lot of money. Probably both.

Another whale (0xb59) dropped $2.78 million on LINK too. It’s a whale party! 🐳 And it’s not just these two. Wallets holding large amounts of LINK have been increasing all week, while exchanges are losing LINK. Which means people are deciding to hold onto their coins instead of selling off. Wise.

It’s like when you hide your favorite snacks from your roommate. It’s about long-term commitment, people!

But, yes, despite all of this… LINK is still down 1.2% today. Because of course it is. It’s trading at $13.8. Don’t ask me why. I just write the jokes. 🤷🏼‍♀️

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2026-01-15 10:17