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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.