A recent noteworthy development is that the U.S. Securities and Exchange Commission has officially approved the Chainlink spot ETF product under Bitwise. What does this mean? In simple terms, the LINK asset can now enter the U.S. stock market through fully compliant channels for the first time, opening the door for institutional investors.

Looking at the data, LINK once reached a historical high of approximately $52.70. Its current price is over 70% below that peak. From this perspective, there are indeed some interesting entry points. The approval of ETFs usually indicates that broader institutional funds may gradually enter the market. For long-term holders, such events are often worth monitoring for subsequent market performance.