🇺🇸 THE FIRST U.S. CHAINLINK ETF IS APPROVED. The SEC's approval of Bitwise's Chainlink spot ETF marks a pivotal development, enabling the asset's first regulated entry into the American stock market. $LINK’s all-time high is around $52.70, and it’s still more than 70% below that level. That gap is the point. An ETF does not guarantee a straight line up, but it removes a major friction point: institutional exposure via regulated rails. If the market rotates back into “infrastructure tokens,” LINK now has a cleaner path to capture that flow. Think of this as the difference between: “Can institutions buy it?” vs “How much do they want?” Also worth noting: Bitwise is waiving management fees for the first 3 months to pull in early flows, and trading could start as soon as this week.