Chainlink ETF: A Fool’s Gold Rush? 💰

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Well now, isn’t this a curious state of affairs? Seems fellas at Bitwise are tryin’ to launch a Chainlink ETF, and they’ve gone and listed it on this here DTCC contraption – ticker symbol CLNK, mind you. Sounds important, don’t it? Like puttin’ a fine hat on a mule. 🐴

  • Bitwise’s Chainlink fandango is now listed under CLNK at the DTCC. A formality, they say…
  • Don’t go spendin’ yer fortune yet! DTCC listin’ ain’t no guarantee the SEC’ll say “aye.” Government’s shut down, see, and things are slower than a snail in molasses.
  • Chainlink, that fickle creature, took a tumble – down 5%, bless its heart. Seems nobody’s holdin’ their breath.
  • Tried to climb that $17.40 hill and failed, poor thing. Might be headin’ for $13.90 if the bears keep a-growlin’.

So, this ETF thingamajig – it’s meant to let folks, both the high-and-mighty and us commoners, buy a piece of Chainlink’s native token, LINK. A fine bit of convenience, I reckon. But the SEC, bless their bureaucratic hearts, is stalled thanks to this government hullabaloo, meaning we are stuck in limbo. When they get back to it, well, might get it approved and launched. Then again, might not. The world is full of might-have-beens, you know. 🤔

Now, Grayscale’s cookin’ up their own Chainlink ETF, but that one’s got some extra features, like “staking,” whatever that is. Sounds like trouble to me. The DTCC is full of these XRP ETF fellows, too. It’s like a stampede of expectations, all hopin’ for a thumbs-up from the SEC.

LINK price drops despite Bitwise’s Chainlink ETF listing

Now, here’s a twist. All this excitement about the ETF, and what does Chainlink do? Drops like a hot potato! 5% in a day, folks – she’s at $15.52. Tried to break through $17.40, but couldn’t manage it. Seems like a false alarm, if you ask me. Some folks got carried away by the talk, no doubt. 🤷

The whole crypto market’s lookin’ a bit gloomy, with over $470 million gone poof in liquidations. Chainlink ain’t doin’ so well either. The RSI is sittin’ shy of 50… sort of like a fella who’s afraid to commit.

If LINK wants to get its act together, it needs to climb back to $16.80 and show some real grit. Otherwise, we might be lookin’ at $13.90. That’s a level that’ll make or break things, mark my words.

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2025-11-12 10:40