Key Takeaways
- • The Bitwise Chainlink ETF attracted about $10 million in net inflows over two days, according to SoSoValue data, yet total net assets fell from $249.41 million to $229.38 million as the LINK token price declined.
- • Institutional interest remained steady, with market maker Wintermute transferring $1.17 million worth of LINK, per the primary source.
- • LINK traded at Rp216.771 on Pluang as of October 15, 2026, down 5.97% over the prior day, with 93% of orders on the platform being sell orders.
- • Chainlink holds over 60% of the oracle market, supporting $36.6 billion across more than 530 protocols.
- • Chainlink's recently launched CCIP v2.0 aims to broaden institutional adoption through cross-chain transfers and compliance tooling, which could raise future revenue and token demand.
Summary
The Bitwise Chainlink ETF recorded roughly $10 million in new investment over a two-day period, according to SoSoValue data cited by the primary source and publisher coverage. Despite the inflows, the fund's total net assets declined from $249.41 million to $229.38 million, a drop attributed to weakness in the price of Chainlink's LINK token. The divergence highlights how mark-to-market losses on the underlying asset can outweigh subscription activity in a single-asset crypto product.
Institutional engagement with the asset remained steady. Market maker Wintermute transferred $1.17 million worth of LINK, a signal of continued professional participation in the token. Chainlink continues to dominate the oracle sector with a share above 60%, securing roughly $36.6 billion across more than 530 protocols.
On the product side, Chainlink recently launched CCIP v2.0, which is designed to support cross-chain transfers and compliance functions. The company positions the upgrade as a means of attracting institutional users, which could increase future revenue and demand for LINK.
Pluang market data as of October 15, 2026, at 17:03 WIB showed LINK trading at Rp216.771, a 5.97% decline over the previous day. Sell orders accounted for 93% of activity on the platform, and the typical holding period for LINK there was 63 days, suggesting moderate investor patience. These are platform-specific readings and may not reflect broader market conditions.
Institutional engagement with the asset remained steady. Market maker Wintermute transferred $1.17 million worth of LINK, a signal of continued professional participation in the token. Chainlink continues to dominate the oracle sector with a share above 60%, securing roughly $36.6 billion across more than 530 protocols.
On the product side, Chainlink recently launched CCIP v2.0, which is designed to support cross-chain transfers and compliance functions. The company positions the upgrade as a means of attracting institutional users, which could increase future revenue and demand for LINK.
Pluang market data as of October 15, 2026, at 17:03 WIB showed LINK trading at Rp216.771, a 5.97% decline over the previous day. Sell orders accounted for 93% of activity on the platform, and the typical holding period for LINK there was 63 days, suggesting moderate investor patience. These are platform-specific readings and may not reflect broader market conditions.
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