Bitwise announces LINK ETF plans: Will this boost Chainlink to $15?

Bitwise has announced plans to roll out their own Chainlink ETF, named CLINK.

The announcement sent a strong signal that institutional interest in LINK is materializing, and this is no longer speculative, as referred to by many before.

Grayscale was the first to test demand with its GLINK product back in mid-December, but Bitwise stepping in now confirms that the appetite runs deeper than a single issuer.

Perfect timing for the launch

Timing also matters here. LINK recently pulled back just enough to fill a long-standing market imbalance around the $13 level on the daily chart.

Rather than triggering panic, that retracement appears to have steadied the structure.

Buyers have quietly stepped back in, and the price gained momentum, suggesting that the dip served more as a reset than a breakdown.

Source: TradingView

LINK ETFs still record significant inflows

ETF flows reinforced that view. Grayscale’s LINK ETF alone recorded roughly $63 million in inflows over the past 24 hours until press time.

That level of capital movement is difficult to dismiss, especially in a market that has recently been selective about where money flows.

Source: SoSoValue

At the same time, LINK’s Open Interest has continued to climb, pointing to growing institutional positioning rather than short-term retail speculation.

Over the last 24 hours alone, the network’s OI surged to 250.578 million.

Source: Coinalyze

Liquidity cluster at $15 remains unmitigated

Meanwhile, liquidity data added another layer to the setup. At press time, a sizable liquidity cluster worth $1.2 million remained unmitigated near the $15 price zone.

As observed from past scenarios, these levels often act as magnets when momentum builds, drawing price toward them as traders position for volatility.

As it stands, with LINK stabilizing above $13, the $15 supply zone increasingly looks like a realistic short-term target in the near future.

Source: CoinGlass

What’s next for LINK?

An ETF expansion brings credibility, accessibility, and deeper liquidity. LINK’s price action aligned with the recent network developments, also accumulating momentum from the key imbalance zone at around $13.

However, this momentum still needs confirmation. LINK must hold above the reclaimed imbalance zone to maintain a bullish structure.

If it does, continued ETF inflows and rising derivatives interest could fuel further rallies in the near future.

Final Thoughts

• Institutional interest in LINK is accelerating, with Bitwise’s ETF launch reinforcing demand already proven by Grayscale’s inflows.
• The token price structure remains constructive as the token prices hold above $13.