Chainlink Sees Surge in Institutional Buying Amid CCIP Adoption

Chainlink (LINK) is seeing increased institutional buying activity as Bitwise has accumulated over $2 million worth of LINK in four weeks. This comes after spot Chainlink ETFs resumed net inflows, adding roughly $570,000 on July 9. Bitwise's purchase of another 72,774 LINK, worth approximately $570,000, brings its total acquisitions to more than $2 million.

Unlike short-term speculative buying, Bitwise has been accumulating LINK consistently over several weeks, indicating long-term conviction rather than momentum trading. This reinforces confidence that institutional investors view Chainlink as one of crypto's strongest infrastructure plays.

The return of positive ETF flows adds another layer of support to LINK's recovery and indicates that professional investors continue accumulating during market consolidation. Beyond institutional buying, Chainlink's ecosystem continues to expand with recent integrations involving its Cross-Chain Interoperability Protocol (CCIP) further strengthening its position as a leading infrastructure provider for decentralized finance and tokenized real-world assets.