Bitwise Chainlink ETF sees $10 million inflow as LINK price drops, assets fall to $229 million

The Bitwise Chainlink ETF recently attracted approximately $10 million in new capital over a two-day period, according to data from SoSoValue. Despite this increase in investment, the fund’s total net assets declined during the same timeframe, reflecting recent price depreciation in Chainlink’s LINK token. The additional capital came as the value of LINK, the fund’s primary holding, experienced a downturn. While investors sought to increase their exposure, LINK’s falling price reduced the overall value of assets held by the ETF. Cumulative net inflows into the Bitwise Chainlink ETF reached roughly $179.61 million. However, total net assets dropped from $249.41 million to $229.38 million, highlighting the impact of market fluctuations on asset values.

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