Bitwise Chainlink ETF Adds $10 Million as Net Assets Fall to $229.38 Million

The Bitwise Chainlink ETF drew about $10 million in inflows over two days while its net assets fell to $229.38 million, showing how a decline in Chainlink (LINK) can outweigh new money entering a fund.

The ETF's net assets dropped from $249.41 million to $229.38 million over the period as LINK's price fell. Cumulative net inflows stood at about $179.61 million. The figures measure different things: inflows track money added to the fund, while net assets reflect the current value of its holdings.

Bitwise also received a $1.17 million LINK transfer from market maker Wintermute. Other recent transfers were also associated with the ETF.

Chainlink provides oracle services for decentralized finance (DeFi) applications. Oracles bring outside information, such as asset prices, onto blockchains. Chainlink secured 60.28% of tracked oracle value, about $36.6 billion across more than 530 protocols. Internal oracles accounted for 13.10%, while Chronicle held 8.19%.

Chainlink has also expanded into cross-chain services with its Cross-Chain Interoperability Protocol (CCIP), which supports transfers between blockchain networks. CCIP v2.0 adds tools for cross-chain asset transfers and compliance rules tied to tokenized assets. Chainlink's oracle share and wider protocol use do not by themselves establish demand for LINK; usage, service revenue and payments made in LINK offer separate measures of activity.