Common Shares of Beneficial Interest of Bitwise Chainlink ETF (CLNK) Stock Price, Quote, News & History | Benzinga

The Trust will value its Chainlink holdings, net assets and the Shares daily based on the Pricing Benchmark. The Trust is passively managed and does not pursue active management investment strategies, and the Sponsor does not actively manage the Chainlink held by the Trust. This means that the Sponsor does not sell Chainlink at times when its price is high or acquire Chainlink at low prices in the expectation of future price increases. It also means that the Sponsor does not make use of any of the hedging techniques available to professional Chainlink investors to attempt to reduce the risks of losses resulting from price decreases. The Trust will not utilize leverage or any similar arrangements in seeking to meet its investment objectives. Chainlink will be the only digital asset held by the Trust. Although the Shares are not the exact equivalent of a direct investment in Chainlink, they provide investors with an alternative that constitutes a relatively cost-effective way to obtain Chainlink exposure through the securities market.