Chainlink Price Prediction Gets Boost from Bitwise ETF Launch

Chainlink's price prediction has been gaining momentum with the launch of the Bitwise CLNK ETF on NYSE Arca. This development allows institutional investors to hold LINK in their retirement accounts, including 401(k) and IRA wrappers, for the first time.

The ETF launch is part of a broader trend that highlights Chainlink's growing adoption as an essential infrastructure component in the crypto market. The protocol's decentralized oracle network, CCIP, has processed $18 billion in monthly transfer volume across various chains, including Ethereum, Solana, and Avalanche.

However, despite this increased interest in Chainlink, token holders still do not receive any share of the protocol revenue. Node operators collect fees while stakers earn nothing from the billions flowing through the protocol.