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Chainlink Up 4%, ETF Launches As Senate Bill Drops: Can LINK Repeat The XRP Rally?

Chainlink (CRYPTO: LINK) is up 4% over the past 24 hours, and two fresh catalysts dropped this week that could push it higher: Bitwise’s spot Chainlink ETF launching on NYSE Arca under ticker CLNK, and a Senate Banking Committee draft bill Tuesday granting LINK the same commodity status as Bitcoin (CRYPTO: BTC).

Bitwise Chainlink ETF Launches With Zero Fees For 3 Months

Bitwise received approval to list its spot Chainlink ETF on NYSE Arca, with trading expected to begin this week. 

The ETF offers a full fee waiver for the first three months covering up to $500 million in assets, dropping to a 0.34% management fee afterward.

The fund launched with $2.5 million in seed capital, equal to…

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