Bitwise Chainlink ETF (CLNK) — Quarterly Report

Key Insights

• The Bitwise Chainlink ETF (CLNK) maintains emerging growth company status with reduced reporting requirements, including exemption from auditor attestation on internal controls under Sarbanes-Oxley Section 404(b), which may limit transparency compared to larger fund operators.
• As of May 4, 2026, the fund had only 1,240,000 outstanding shares, indicating a relatively small asset base that may face challenges in achieving scale and competitive fee structures in the crowded cryptocurrency ETF market.
• The fund is exposed to significant operational and regulatory risks tied to Chainlink and digital asset market volatility, with the prospectus acknowledging material risks from regulatory changes, technology developments, and broader cryptocurrency market conditions that could materially impact shareholder value.