Bitwise Ignites Crypto Frenzy with First U.S. Spot Chainlink ETF Filing

Bitwise Asset Management has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch the first-ever U.S. spot Chainlink (LINK) ETF. 

This move could transform how investors access Chainlink, offering regulated exposure without the need for wallets, private keys, or on-chain management.

Following the successful introduction of Bitcoin and Ethereum ETFs, Bitwise’s Chainlink filing signals growing institutional appetite for altcoins with real-world utility. For Chainlink, the ETF may serve as a game-changer for mainstream adoption.

What the Bitwise Chainlink ETF Means for Investors

The proposed ETF would track the CME CF Chainlink-Dollar Reference Rate, providing a reliable benchmark price for LINK. Coinbase Custody Trust Company has been appointed as the custodian to securely hold the actual LINK tokens backing the fund.

Through in-kind creation and redemption, authorized participants will be able to exchange ETF shares directly for LINK tokens, ensuring liquidity and transparency. The ETF shares are expected to be listed on a U.S. national exchange, although the ticker symbol and venue are still pending.

Institutional Demand for Chainlink Exposure

The filing comes as institutional investors increasingly explore digital assets beyond Bitcoin and Ethereum. Chainlink, as the leading decentralized oracle network, offers vital infrastructure for DeFi, gaming, insurance, and cross-chain applications.

By providing an SEC-regulated vehicle for exposure, the ETF could unlock access for pension funds, wealth managers, and traditional investors who have previously avoided direct crypto ownership.

Market Reactions and Price Impact

Shortly after the filing, LINK’s price jumped by 4-6%, accompanied by rising on-chain activity and whale movements. Analysts suggest that if approved, the ETF could significantly tighten LINK’s circulating supply, creating upward pressure on price.

The ETF’s long-term impact may extend beyond price. By cementing Chainlink as one of the few altcoins with regulated investment products, it reinforces the project’s role as a cornerstone of Web3 infrastructure.

Read more: Chainlink (LINK) Price Set for $30 Breakout as Bitwise ETF Filling

Broader Implications for Altcoin ETFs

The SEC’s handling of this filing will be closely watched by the crypto community. Approval would mark a milestone, opening the door for other altcoin ETFs in the future. This could further diversify institutional exposure in the sector and accelerate mainstream adoption.

As crypto matures, ETFs tied to utility-driven projects like Chainlink could bridge the gap between decentralized innovation and traditional financial markets.

Final Thoughts

The Bitwise Chainlink ETF filing represents more than a new investment product—it’s a turning point for altcoin recognition on Wall Street. 

With growing demand for blockchain infrastructure plays, Chainlink is positioned to benefit from both institutional capital and its indispensable role in powering decentralized applications.

If approved, this ETF could ignite the next wave of crypto investment and solidify Chainlink’s place as a foundational asset in the Web3 economy.

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FAQs

What is the Bitwise Chainlink ETF?

It’s a proposed U.S. spot ETF that will give investors direct exposure to Chainlink (LINK) without needing to manage crypto wallets or private keys.

How will the ETF track Chainlink’s price?

The ETF will follow the CME CF Chainlink-Dollar Reference Rate, a benchmark that reflects LINK’s market value.

Who will hold the actual LINK tokens?

Coinbase Custody Trust Company will act as the custodian, safeguarding the LINK tokens that back the ETF.

How did the market react to the filing?

LINK’s price rose 4-6% after the filing was announced, with increased on-chain activity from larger holders.

Why is this ETF important for Chainlink?

It offers a regulated investment vehicle for traditional and institutional investors, boosting liquidity, adoption, and long-term growth potential.