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CLNK

Bitwise Chainlink ETF
7 filings tracked
financialsasset managementMICRO (<$300M)

Company Intelligence Hub

Filing history, signal momentum, and bull/bear evolution

Chronological Filing Evolution (Click to filter / toggle)

Thesis (Bull Case Evolution)

The Bitwise Chainlink ETF (CLNK) has established a strong initial foothold, accumulating $15.48 million in net assets within its first 77 days of operation.…

Bullish Outlook

Antithesis (Bear Case / Structural Risks)

Despite the narrative of institutional adoption, the financial data reveals a challenging start for CLNK.…

Risk Factors

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Synthesis (Verdict & Resolution)

The Bitwise Chainlink ETF represents a high-beta bet on the long-term viability of the Chainlink network, packaged for traditional brokerage accounts. While the fund has successfully attracted early capital and established a robust custodial partnership with Coinbase, its performance is entirely tethered to the volatile price action of LINK. The immediate impact of the filing is a dichotomy between successful product launch metrics and poor short-term asset performance. Ultimately, the success of the ETF hinges on two factors: the ability to scale AUM beyond the $500 million fee-waiver threshold and the successful implementation of staking. If staking is realized, the fund evolves into a sophisticated yield product; if not, it remains a simple proxy for a volatile token with an eroding NAV. Investors are essentially trading the convenience of an ETF structure against the risk of single-asset concentration and future fee-driven dilution.

Selected Quarter

Core Takeaway

The fund is successfully scaling its operational footprint and attracting capital, but the underlying asset's price collapse has led to significant unrealized losses for early shareholders.

Investor Lens

Investors must weigh the convenience of a regulated ETF structure against the extreme risk of 100% concentration in a single digital asset.

Watch Next

The expiration of the sponsor fee waiver on April 13, 2026, and any formal updates regarding the implementation of staking agents.

View Full SEC Report

Signal Momentum Chart

Quarterly net bull/bear signal ratio. Click nodes to select a quarter.

BULLISH (+1.0)NEUTRAL (0.0)BEARISH (-1.0)-0.23Q2 '26 (10-Q)

Signal Timeline

Active Filters:Quarter: Q2 '26 (10-Q)
bearishMay 8

Upcoming expiration of fee waiver will introduce a 0.34% annual drag on NAV.

margin compression
60%
bearishMay 8

Net decrease in net assets of $2.84 million due to underlying asset depreciation.

earnings miss
80%
bullishMay 8

Rapid accumulation of $15.48 million in net assets since January 13 inception.

capital raise
70%
bearishMay 8

Upcoming expiration of fee waiver will introduce a 0.34% annual drag on NAV.

margin compression
60%
bearishMay 8

Net decrease in net assets of $2.84 million due to underlying asset depreciation.

earnings miss
80%
bullishMay 8

Rapid accumulation of $15.48 million in net assets since January 13 inception.

capital raise
70%
bearishMay 8

Upcoming expiration of fee waiver will introduce a 0.34% annual drag on NAV.

margin compression
60%
bearishMay 8

Net decrease in net assets of $2.84 million due to underlying asset depreciation.

earnings miss
80%
bullishMay 8

Rapid accumulation of $15.48 million in net assets since January 13 inception.

capital raise
70%
bearishMay 8

Upcoming expiration of fee waiver will introduce a 0.34% annual drag on NAV.

margin compression
60%
bearishMay 8

Net decrease in net assets of $2.84 million due to underlying asset depreciation.

earnings miss
80%
bullishMay 8

Rapid accumulation of $15.48 million in net assets since January 13 inception.

capital raise
70%
bearishMay 8

Upcoming expiration of fee waiver will introduce a 0.34% annual drag on NAV.

margin compression
60%
bearishMay 8

Net decrease in net assets of $2.84 million due to underlying asset depreciation.

earnings miss
80%
bullishMay 8

Rapid accumulation of $15.48 million in net assets since January 13 inception.

capital raise
70%
bearishMay 8

Upcoming expiration of fee waiver will introduce a 0.34% annual drag on NAV.

margin compression
60%
bearishMay 8

Net decrease in net assets of $2.84 million due to underlying asset depreciation.

earnings miss
80%
bullishMay 8

Rapid accumulation of $15.48 million in net assets since January 13 inception.

capital raise
70%
bearishMay 8

Upcoming expiration of fee waiver will introduce a 0.34% annual drag on NAV.

margin compression
60%
bearishMay 8

Net decrease in net assets of $2.84 million due to underlying asset depreciation.

earnings miss
80%
bullishMay 8

Rapid accumulation of $15.48 million in net assets since January 13 inception.

capital raise
70%

Filing History

10-QMay 8, 2026
Expand Sequence

The Bitwise Chainlink ETF represents a high-beta bet on the long-term viability of the Chainlink network, packaged for traditional brokerage accounts. While the fund has successfully attracted early capital and established a robust custodial partnership with Coinbase, its performance is entirely tethered to the volatile price action of LINK. The immediate impact of the filing is a dichotomy between successful product launch metrics and poor short-term asset performance. Ultimately, the success of the ETF hinges on two factors: the ability to scale AUM beyond the $500 million fee-waiver threshold and the successful implementation of staking. If staking is realized, the fund evolves into a sophisticated yield product; if not, it remains a simple proxy for a volatile token with an eroding NAV. Investors are essentially trading the convenience of an ETF structure against the risk of single-asset concentration and future fee-driven dilution.

Disclaimer: The synthesis provided is generated by AI models and should not be construed as investment advice. Analysis is based solely on regulatory data present at the time of publication. Consult a financial advisor for specific investment strategies.