Chainlink ETF Sees Unusual Participation Amid Market Downturn

Despite the ongoing market downturn, Chainlink has managed to retain investors' confidence and is attracting increasing institutional interest. According to Bitwise CEO Hunter Horsley, the firm's Chainlink ETF saw unusual participation this week with inflows on multiple days over the last week.

The Bitwise Chainlink ETF attracted about $1.5 million in inflows over the week, which marks increased adoption for Bitwise and growing interest in gaining exposure to Chainlink through a traditional investment platform.

Horsley expressed delight at the increased participation in the company's investment product, noting that it was encouraging to see investors expand their understanding of Chainlink.

Chainlink has remained resilient amidst the market decline, trading as the best performing crypto asset among all top 15 cryptocurrencies by market capitalization over the last week. It recorded a massive price increase of 13.48%, while other assets saw substantial price declines and modest increases below 4%.