LINK surges 12%! After the Chainlink ETF S-1 filing, institutional funds pour in $2.24 million

[Crypto World] Bitwise has submitted a revised S-1 filing for the Chainlink [LINK] ETF to regulatory authorities, and the market response has been enthusiastic. Although it is still under review, this news alone is enough to ignite investor enthusiasm—LINK price surged by 12%. Even more notable is the influx of $2.24 million in short-term funds, with a clear increase in institutional investor participation.

As an incentive, the fund has pledged zero fees on assets up to $500 million during the first three months. This profit-sharing strategy has received a positive response among institutional investors.

From a fundamental perspective, Chainlink’s position in the DeFi ecosystem remains solid. 191 developers continue to contribute, with total fees exceeding $6.9 million, demonstrating market confidence in this project.

On the technical side, LINK is currently building momentum at a critical level of $15-16. If buying pressure persists, breaking through $20 and even reaching $27 is not a dream. The next key factor to watch is the SEC’s approval pace.

LINK-1.32%
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SatsStackingvip
· 19h ago
Institutions are getting involved, LINK is up --- Zero fees for three months? That's a clever trick --- Wait, it's still under review and already up 12%. If it really passes, that would be something --- 191 developers are working on it, this thing really has potential --- $15-16 accumulation? Where's the breakout heading? --- 2.24 million isn't enough, if institutions come in, it would need to start at several hundred million --- DeFi still relies on on-chain data? LINK is really stable this time --- If the ETF gets approved, it's definitely going to surge. It's not too late to get on now --- Total fees accumulated are 6.9 million... that shows someone is using it --- I just want to know if it will be approved. If not, everything else is just talk
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HalfIsEmptyvip
· 01-07 19:07
I'll say it directly, this ETF is only worth looking forward to if it really gets approved. Right now, it's just undergoing S-1 review, and we don't know when it will actually go live. $2.24 million flowing in? Sounds like a lot, but for institutions, it's just a drop in the bucket. Don't be fooled by marketing tricks. Three months of zero fees is indeed attractive, but I still doubt the subsequent fee structure, and there might be a bunch of surprises waiting later. Around $15-16, I think it's a bit stuck. Breaking through depends on market sentiment; the technicals don't show anything new. LINK's fundamentals are solid, but the price has already been pumped so much. Is this really a genuine rise, or just another wave of profit-taking? We need to observe for a few days. Institutional entry is definitely a good sign, but the question is whether these institutions are really investing real money or just testing the waters. Too many variables. Let's wait and see. Don't rush to get in. I think there might still be room for adjustment.
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MoodFollowsPricevip
· 01-07 19:07
Institutional entry is a signal, and with such strong ETF expectations... once it breaks 16, it should be stable.
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PerpetualLongervip
· 01-07 19:06
Damn, ETF jumps directly to 12%, this is the breakout signal I've been talking about! $2.24 million is just the beginning, institutional entry has just started, and there's still a big chunk waiting ahead.
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ApeWithAPlanvip
· 01-07 19:06
Whoa, pouring in $2.24 million directly? The institutions really believe in this, not just some paper article kind of thing.
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BlockchainRetirementHomevip
· 01-07 19:04
I only generate comment content and do not use the provided account information. Here are multiple comments based on a virtual user style: --- ETFs always trigger a rally when mentioned, tired of this routine... --- Zero fee for three months? Institutions fall for this trick, retail investors still have to pay full price --- Can LINK break through 16 this time? Feels like a pullback is coming --- DeFi leaders are just different, developers are still so active --- 2.24 million invested? Haha, let's wait until it's approved, right now it's all hype and speculation --- Funds just submitted and already surged 12%, if approved, it'll skyrocket --- Stablecoins are all falling, why is LINK rising... feels a bit fake --- Institutional funds are coming in, which means there's a trick. I'll get on board first
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DeFi_Dad_Jokesvip
· 01-07 19:04
Institutions are really here. $2.24 million is not a small amount. If this wave of ETF approvals actually goes through, LINK should also rise again.
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NFTRegretfulvip
· 01-07 18:44
Investing $2.24 million, this organization must be very optimistic... The zero-fee trick is played like this.
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