Chainlink ETF Sees Surge in Institutional Inflows Amid Market Downturn

The Bitwise Chainlink ETF has seen increasing inflows of about $1.5 million over the past week, indicating growing institutional interest in the crypto asset despite a broader market downturn.

Chainlink remains the top-performing cryptocurrency among the top 15 by market cap, rising 13.48% in the last week while others declined or grew modestly, according to recent data.

Bitwise CEO Hunter Horsley highlighted that investors are recognizing Chainlink's potential to bridge traditional markets and crypto, which is encouraging wider adoption through traditional investment platforms.