# Bitwise Chainlink ETF > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/Bitwise Chainlink ETF). ## Overview Bitwise Chainlink ETF is a U.S.-listed exchange-traded fund organized as a trust that holds Chainlink and issues shares representing beneficial interests in that pool of digital assets. The fund is sponsored by Bitwise Investment Advisers and trades on NYSE Arca under the ticker CLNK. ## Products & services • Exchange-traded shares providing Chainlink exposure • Trust structure holding Chainlink directly • NAV-based daily valuation and creation/redemption mechanism • Brokerage-account access to a digital asset allocation - **Exchange-traded crypto exposure** (100%) — Listed shares designed to track the value of Chainlink held by the trust. - Exchange-traded shares providing Chainlink exposure - Trust structure holding Chainlink directly - NAV-based daily valuation and creation/redemption mechanism - Brokerage-account access to a digital asset allocation ## Customers The fund is bought by investors who want Chainlink exposure through a traditional brokerage account rather than by directly acquiring and self-custodying the token. It is also relevant to allocators using tactical or strategic digital-asset sleeves, including institutions and sophisticated retail investors. The product is structured for market participants that value exchange listing, daily NAV transparency, and standard brokerage settlement. - **Retail brokerage investors** (primary) — Buy CLNK shares for Chainlink exposure without managing wallets or private keys. - **Institutional allocators** (primary) — Use the ETF as a listed vehicle for portfolio exposure to Chainlink. - **Financial advisers and model portfolio users** (secondary) — Use the fund as a standardized allocation tool for digital-asset exposure. - Retail investors seeking Chainlink exposure in a brokerage account - Institutions allocating to digital assets through listed products - Advisers and allocators building crypto sleeves in portfolios - Investors who prefer regulated fund wrappers over direct token custody ## Geography The trust is organized in the United States and its shares are listed on NYSE Arca. Its economic exposure is global because Chainlink trades on international digital-asset markets, while valuation relies on U.S.-accessible exchanges and a U.S.-dollar reference rate. - U.S.-organized trust with shares listed on NYSE Arca - Chainlink valuation references U.S.-accessible crypto exchanges - Pricing benchmark is published in U.S. dollars - Underlying token liquidity is sourced from global digital-asset markets ## Strategy The trust’s core strategy is to provide direct Chainlink exposure through a listed fund wrapper that investors can access in a brokerage account. It relies on holding Chainlink, using a benchmark-based NAV process, and avoiding derivatives so the product stays closely tied to the token’s market value. - **Maintain tight linkage to Chainlink spot value** (short-term) — The product proposition depends on tracking the token rather than introducing synthetic exposure. - **Preserve simple listed-fund access** (medium-term) — A brokerage-account wrapper lowers operational barriers for investors compared with direct token custody. - **Use transparent market-based valuation controls** (medium-term) — Fair-value governance is central to daily NAV accuracy and investor confidence. - Provide direct Chainlink exposure through an exchange-traded vehicle - Use a benchmark-based NAV tied to Chainlink market pricing - Avoid derivatives to limit added counterparty and credit risk - Support creation/redemption flows for market access and liquidity ## Risks The fund is exposed to Chainlink price volatility, so changes in the token’s market value directly affect NAV and investor returns. It also depends on digital-asset market liquidity, exchange quality, and benchmark methodology, which can affect valuation, creations/redemptions, and tracking. As a trust holding a single crypto asset, it faces concentration risk, custody/operational risk, and regulatory uncertainty around digital assets and exchange-traded products. - **Chainlink market price volatility** [high] — The trust holds Chainlink directly, so token price moves flow through to NAV. - **Digital-asset market liquidity and pricing fragmentation** [high] — Valuation depends on exchange activity, price stability, and principal-market selection. - **Single-asset concentration** [medium] — The trust is not diversified and is tied to one token’s adoption and market behavior. - **Regulatory and market-structure risk for crypto products** [medium] — Rules affecting digital assets, exchanges, or listed funds can change product economics or access. - Chainlink price volatility directly drives NAV and shareholder returns - Concentration in one digital asset creates single-asset exposure - Crypto exchange liquidity and pricing quality affect fair value marks - Benchmark or principal-market changes can alter valuation outcomes - Regulatory changes could affect digital-asset markets and ETF access ## Accounting The most important accounting issue is fair-value measurement of Chainlink, which is marked using the trust’s principal market and a daily pricing benchmark. Because the trust is an investment company for U.S. GAAP purposes, changes in Chainlink value flow through net realized and unrealized gains or losses rather than through operating revenue. Sponsor fees are based on a percentage of Chainlink holdings, so fee expense varies with asset levels, and creation orders are recorded at fair value on the creation date. - **Fair value measurement of Chainlink** — Directly affects NAV and unrealized gains/losses - **Principal market determination** — Can change reported asset values if market conditions shift - **Asset-based sponsor fee** — Expense varies with asset level and token value - **Investment company accounting** — Results are dominated by market revaluation, not sales - Fair value measurement of Chainlink drives NAV and period results - Principal market selection affects the price used for reporting - Daily benchmark pricing can create mark-to-market volatility - Sponsor fee is asset-based and varies with holdings - Creation orders are recorded at fair value on the creation date --- *Last updated: 2026-08-11T04:46:23.942320+00:00*