Bitwise Chainlink ETF Adds $10 Million as Net Assets Fall to $229.38 Million

The Bitwise Chainlink ETF drew about $10 million in inflows over two days while its net assets fell to $229.38 million, showing how a decline in Chainlink (LINK) can outweigh new money entering a fund. The ETF's net assets dropped from $249.41 million to $229.38 million over the period as LINK's price fell. Cumulative net inflows stood at about $179.61 million. The figures measure different things: inflows track money added to the fund, while net assets reflect the current value of its holdings. Bitwise also received a $1.17 million LINK transfer from market maker Wintermute. Other recent transfers were also associated with the ETF. Chainlink provides oracle services for decentralized finance (DeFi) applications. Oracles bring outside information, such as asset prices, onto blockchains.

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