LINK Token Surges as Bitwise Files for Game-Changing Chainlink ETF

Wall Street's knocking on crypto's door again—Bitwise just dropped an ETF filing that's sending LINK holders into euphoria.

The Institutional On-Ramp

Bitwise's move signals something bigger than just another fund launch. They're betting serious capital that Chainlink's oracle networks become the plumbing for tomorrow's financial infrastructure. This isn't speculative retail money—it's institutional validation that could open floodgates.

Market Mechanics Shift

ETF approval would create structural demand that dwarfs typical trading volume. We're talking about funds that have to hold the underlying asset, creating buy pressure that makes current market moves look like practice rounds. Suddenly LINK isn't just a crypto asset—it's an institutional-grade investment product.

Because nothing makes traditional finance embrace decentralization faster than the prospect of collecting 1% management fees on other people's chainlink holdings.

LINK activity and accumulation accelerate

In the past month, LINK’s daily active addresses have increased to a higher range in 2025. Despite this, LINK reaches around 10K daily active addresses at most, as it is not used by retail wallets. Instead, Chainlink is highly active in supplying oracle data for DeFi. 

Chainlink retains a peak share of oracle data, securing over $59.56B in value. The oracle secures over 61% of distributed apps, with a total of 458 protocols secured. 

LINK is seen as a valuable asset to stake and secure oracle services. Currently, the supply of LINK on exchanges is close to its lower range, with mostly outflows since the summer of 2024. 

LINK has also seen sudden exchange inflows, and is one of the tokens with significant volatility. The asset was expected to MOVE to triple-digit prices, but has moved within a range between $12 and $52 for years. 

LINK sparks bullish trading

LINK got a boost from the RWA tokenization narrative and the growth of DeFi. As a result, open interest recently spiked to $897M, later returning to $710M. 

Based on Hyperliquid whales, LINK shows the biggest shift to a bullish attitude. Over 86.59% of whales on the perpetual futures DEX hold long positions.

For LINK, this may also be a risk in the case of cascading liquidations. However, the behavior of Hyperliquid whales suggests LINK may see a rebound rally.

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