Recently, Chainlink has been making quite a splash. A leading fund company has submitted a revised S-1 filing to launch an ETF product for LINK. Although the US SEC has not officially approved it yet, the market has already reacted in advance—LINK's price surged 12%, with $2.24 million in funds pouring in, clearly showing the enthusiasm of institutional investors.

This new fund is also quite interesting. It promises to waive management fees on up to $500 million in assets for the first three months, a move that easily attracts large investors.

Looking at Chainlink's fundamentals itself, there is no disappointment. On the project side, 191 developers are continuously contributing code, with total fees surpassing $6.9 million, maintaining a top position in the entire DeFi ecosystem. These numbers indicate that the ecosystem remains active and there is strong application demand.

From a technical perspective, LINK is currently stuck at a critical level of $15-16. If it can hold steady here, the next targets are $20 and $27. With the current momentum, breaking through is not an impossible feat. The entire crypto market has been warming up over the past two years, and signals of institutional entry are becoming increasingly clear. As an established oracle project, LINK could seize this wave of momentum and potentially find many opportunities.