Chainlink sees $10M ETF inflows – Why LINK’s price still struggles

Bitwise’s latest $1.17 million LINK transfer from Wintermute adds to a broader pattern of institutional activity around Chainlink [LINK]. The repeated depositing of money into the Bitwise Chainlink ETF is indicative of continuing investment in the Chainlink ETF. According to SoSoValue data, the two-day chain of inflows in this period added approximately $10 million in new capital into the Chainlink ETF. However, the influx of new capital did not lead to an increase in the value of funds invested. The cumulative net inflows had been at roughly $179.61 million.

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