Bitwise Chainlink ETF (NYSE Arca: CLNK) is a digital asset investment trust that holds Chainlink (LINK) tokens as its primary asset, providing investors with exchange-traded exposure to Chainlink without directly holding the token. The Trust generates no operating revenue; its economics are entirely pass-through, with net asset value tracking the price of Chainlink as measured by the CME CF Chainlink-Dollar Reference Rate. Bitwise Asset Management serves as Sponsor, Coinbase Custody Trust Company acts as Chainlink Custodian, Coinbase Inc. serves as Prime Execution Agent, and BNY Mellon serves as Administrator and Transfer Agent. The Trust commenced trading on NYSE Arca on January 14, 2026, and was seeded on October 22, 2025. Chainlink itself is an ERC-677 token issued on the Ethereum Blockchain whose stated primary function is as a data provider for decentralized applications via oracle services, rather than as a store of value or general payment network.

Revenue model

The Trust collects a Sponsor Fee, paid in Chainlink, which is the sole source of Trust expense and the mechanism by which the Sponsor is compensated. The Trust holds no income-producing assets; net asset value per share moves in direct proportion to the price of Chainlink. Shareholders bear dilution from the Sponsor Fee as Chainlink is transferred out of the Trust to cover it.

Products and services

Single-asset exchange-traded trust holding Chainlink (LINK) tokens. Chainlink is an ERC-677 token on the Ethereum Blockchain used to pay fees on the Chainlink Network, which provides oracle data services to decentralized applications across Ethereum and layer-2 networks.

Customers and end markets

Investors seeking exchange-traded exposure to Chainlink price performance through a regulated, custodied vehicle. End market is institutional and retail investors on NYSE Arca. The filing notes potential restrictions on purchase by ERISA plans and certain tax-exempt entities.

Value-chain role

The Trust sits between Chainlink token markets and exchange-listed investors, providing a custodied, SEC-reporting wrapper around direct Chainlink holdings. Coinbase Custody Trust Company holds Trust Chainlink assets. Coinbase Inc. executes trades as Prime Execution Agent. BNY Mellon administers NAV calculation and transfer agency. Delaware Trust Company serves as Trustee.

Geographic exposure

The Trust is domiciled in Delaware and listed on NYSE Arca in the United States. The filing does not describe geographic revenue exposure, as the Trust holds a single digital asset.

Competitors

Bitstamp (acquired by Robinhood, June 2025), Coinbase

Source: SEC 10-K, filed 2026-03-20

Industry: Commodity Contracts Brokers & Dealers