Bitwise Seeks Approval for Spot Chainlink ETF in Latest SEC Filing

Bitwise has submitted a registration statement (S-1) to the ￰0￱ and Exchange Commission (SEC) to launch a spot Chainlink (LINK) exchange-traded fund (ETF). This filing is part of a growing trend of single-token crypto funds, giving investors direct access to major blockchain ￰1￱ to the filing , the Bitwise Chainlink ETF is meant to track the current market price of LINK, the token used in the Chainlink ￰2￱ ETF provides investors with a straightforward and regulated way to invest in LINK without the need to own it ￰3￱ Chainlink ETF to Focus on Direct LINK Exposure Notably, Coinbase Custody Trust Company has been tapped to provide brokerage and custody services for the ETF.

Meanwhile, Coinbase ￰4￱ help execute LINK transactions for the ￰5￱ registration statement did not mention staking LINK or earning rewards from ￰6￱ recent guidance from the SEC affirmed that staking on proof-of-stake networks is not against federal securities laws, Bitwise has decided to structure the product to have direct market ￰7￱ such, it leaves out any staking features or opportunities to earn ￰8￱ approved, this ETF would be the first to offer ￰9￱ access to Chainlink, a top 20 cryptocurrency by market ￰10￱ is important for the Web3 ecosystem, providing decentralized oracle solutions used in DeFi, gaming, and enterprise blockchain ￰11￱ Targets Companies With Large Bitcoin Reserves Recall that Bitwise has also introduced a new ETF designed to track companies holding significant Bitcoin (BTC) ￰12￱ Bitwise Standard Corporations ETF will give investors exposure to firms that treat BTC as a strategic reserve asset , mirroring the rationale of individual BTC holders.

Furthermore, the ETF follows the Bitwise Standard Corporations Index, which includes companies with at least 1,000 BTC in their corporate treasuries. Bitwise’s ETF is structured to cap its largest holding at 20%, ensuring diversification among Bitcoin-heavy ￰13￱ approach prevents over-reliance on any single ￰14￱ also capitalizes on the broader trend of corporate adoption of ￰15￱ Competition in Crypto ETFs Bitwise’s applications follow a wave of similar filings that began during President Donald Trump’s administration. Recently, Graysacle Investments filed with the ￰16￱ to transform its existing Avalanche Trust into a publicly traded spot ETF on ￰17￱ said that the proposed ETF will be structured to mirror the price of ￰18￱ asset manager clarified that the trust will not use leverage, derivatives, or any complex trading ￰19￱ is worth noting that Coinbase has been tapped to provide brokerage and custody services.

Similarly, BNY Mellon would act as an administrator and transfer ￰20￱ March, VanEck also filed for an Avalanche ETF , aiming to provide direct exposure to the smart contract platform.