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Chainlink ETF Listing: A Major Step for LINK’s Institutional Exposure
Bitwise Chainlink ETF Listed on DTCC – The long-awaited Bitwise Chainlink ETF (CLNK) has officially been listed on the Depository Trust and Clearing Corporation (DTCC) platform, marking a pivotal step toward institutional access to LINK. While the listing does not yet indicate regulatory approval, it represents progress in the clearing and settlement preparation ahead of a potential SEC nod. Integration with Chainlink’s CCIP and CRE underscores the project’s expanding role in financial infrastructure, signaling growing institutional confidence.
Chainlink Gains Visibility in Institutional Circles
Institutional trust in Chainlink received another boost when co-founder Sergey Nazarov appeared alongside JP Morgan and Amazon executives at the Federal Reserve Fintech Conference. The panel discussion on global payment systems and digital assets highlights Chainlink’s increasing traction among major financial players. Such high-profile engagements typically enhance visibility and credibility, setting the stage for broader adoption.
Despite Positive Developments, LINK Holders Continue Selling
Interestingly, on-chain data reveals that LINK holders have continued selling over the past month, even amid growing institutional momentum. Analysts suggest this pattern reflects typical accumulation-phase behavior, where retail sentiment often lags while whales strategically buy, accumulating off-exchange in anticipation of future price movements.
Whales Accumulate as Exchange Balances Plunge
Large LINK holders have reportedly added over 4 million tokens in the last two weeks, pushing the Exchange Supply Ratio to an all-time low. Arca Research notes LINK balances on exchanges are now at a 2+ year low, indicating that long-term holders are preparing for potential price discovery.
Outlook for Chainlink
With the Bitwise Chainlink ETF on the DTCC platform, and whales accumulating off exchanges, Chainlink’s path toward mainstream institutional adoption appears clearer than ever. At the time of writing, LINK was trading at $15.93, up nearly 3% in 24 hours, reflecting cautious optimism among market participants.
