Quick Highlights Bitwise filed with the SEC for the first 0 Chainlink ETF The ETF will invest directly in LINK and use Coinbase Custody Chainlink jumped 2.3% after the ETF filing announcement Bitwise Files for First 1 Chainlink ETF Bitwise has submitted a proposal to the 2 to launch a Chainlink (LINK) spot ETF — marking the first such product in the 3 move signals growing institutional interest in Chainlink and altcoins more broadly, just as regulators begin to warm up to more crypto-based financial 4 to the filing, the Bitwise Chainlink ETF will invest directly in LINK, giving investors exposure to the token without the need to hold it 5 structure classifies it as a spot ETF, meaning it tracks the actual price of Chainlink, not futures or 6 the ETF Will Work The fund's custodian will be Coinbase Custody Trust Company, while the exchange (still undisclosed) will act as the primary 7 in the fund will be issued and redeemed in cash, mirroring the process used by other spot 8 the filing does not include details on staking, the SEC has previously clarified that staking does not necessarily violate securities 9 leaves the door open for possible future updates.
Notably, the exchange name and product ticker have not been revealed, but that hasn’t stopped investor speculation from heating 10 Price Reacts to the News Following the announcement, Chainlink’s price rose 4.02% on the daily 11 modest, the price action reflects optimism around increased institutional access to Chainlink through regulated investment 12 approved, this ETF could mark a major milestone in the asset's evolution. Meanwhile, in Europe, the 21Shares Chainlink ETP, currently the largest LINK-based fund, has $49.5 million in assets under 13 interest in altcoins continues to 14 recently, Grayscale Investments filed to convert its AVAX trust into a spot ETF, signaling a broader trend of asset managers positioning themselves for an altcoin-friendly future.
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