Bitwise Chainlink ETF (CLNK)

Overview

CLNK provides direct exposure to Chainlink by holding the digital asset itself, thereby eliminating reliance on futures or other forms of derivatives. Chainlink operates as a decentralized blockchain network designed to connect smart contracts with real-world data through its oracle services. This innovative design enables a wide range of on-chain applications to flourish. The trust's net asset value is calculated daily utilizing the CME CF ChainlinkDollar Reference Rate New York Variant, which reflects the current US dollar price of LINK based on aggregated trading activities across significant trading platforms. Shares of the trust are structured to make Chainlink accessible through a traditional exchange-traded vehicle, circumventing the complexities and operational challenges associated with the direct acquisition and custody of the asset itself. The management of the trust is passive, and it holds Chainlink as its exclusive digital asset, without employing leverage or hedging strategies. Currently, staking is not implemented; however, the trust may incorporate staking as a secondary objective in the future, depending on regulatory considerations.

Products and Services

• Chainlink Trust

  CLNK holds Chainlink (LINK) as its sole digital asset, providing investors with direct access to Chainlink through a trusted exchange-traded structure. This trust enables individuals to invest in LINK without directly holding the digital asset, thereby simplifying the investment process.

• Daily Net Asset Valuation

  The trust calculates its net asset value daily using the CME CF ChainlinkDollar Reference Rate New York Variant. This valuation reflects the price of LINK in US dollars based on aggregated data from leading trading platforms, ensuring that investors have current and accurate pricing information.

• Passively Managed Fund

  CLNK operates as a passively managed fund, meaning it does not engage in active trading. The trust strictly holds Chainlink, maximizing exposure to the asset without the complications of frequent trading or management costs, which could affect investor returns.

• Structured Access to Digital Assets

  By offering shares in a structured trust, CLNK allows investors to gain exposure to Chainlink in a manner comparable to traditional equity investments. This approach mitigates the operational and custody difficulties often associated with owning digital assets outright, providing a smoother investment experience.

• Future Staking Potential

  While staking is not currently a feature of the trust, CLNK has indicated that it may consider integrating staking in the future, subject to regulatory assessments. This potential evolution could provide additional avenues for generating returns based on held assets.