Chainlink Price News: 5% Bounce on Spot LINK ETF Filing by Bitwise

Chainlink Price News: 5% Bounce on Spot LINK ETF Filing by Bitwise

Digital asset manager Bitwise is preparing to launch a spot-based exchange traded fund (ETF) focused on holding the native token of Chainlink (LINK), a first in the U.S.According to the S-1 registration statement filed with the U.S. Securities and Exchange Commission on Tuesday, the Bitwise Chainlink ETF aims to provide investors with direct exposure to LINK and named Coinbase Custody as the proposed custodian for the tokens.The filing fits into…

Bitwise Files for Chainlink ETF With In-Kind Creation and Redemption

The filing doesn’t yet list a ticker, but says the ETF would use Coinbase as its custodian.

Bitwise Files for First Spot Chainlink ETF with SEC - Blockchain & Cryptocurrencies Tabloid

Bitwise seeks SEC approval for the first spot Chainlink ETF, aiming to enhance institutional access to LINK.

Bitwise files for first Chainlink ETF with SEC

Filing seeks to expand regulated crypto exposure, with Coinbase Custody as fund custodian

Bitwise Seeks SEC Approval for Spot Chainlink ETF Tracking LINK Price - Blockonomi

TLDR: Bitwise files for a spot Chainlink ETF, aiming to track LINK’s price directly for investors. The proposed ETF would hold LINK directly, with Coinbase acting as custodian and agent. SEC’s approval of the ETF remains uncertain, with altcoin ETFs still facing regulatory hurdles. The firm’s approach simplifies the ETF structure to increase chances of SEC approval. On August 26, Bitwise Asset Management filed an application with the U.S. Secur…