Bitwise has filed to launch the Bitwise Chainlink ETF, a fund designed to hold Chainlink (LINK) tokens with Coinbase Custody as custodian; it proposes in‑kind creation and redemption of LINK and now awaits SEC review pending a Form 19b‑4 submission.
First U.S. ETF filing to track Chainlink (LINK)
Bitwise names Coinbase Custody as custodian and plans in‑kind creation/redemption using LINK.
LINK price rose ~4.2% after the filing; LINK is up ~26% over 30 days (CoinGecko).
Bitwise Chainlink ETF: Bitwise files to launch a Chainlink (LINK) ETF with Coinbase Custody; read analysis of market impact and investor access—learn more now.
Bitwise Asset Management has filed to launch an exchange‑traded fund that holds and tracks Chainlink’s native token, LINK, marking the first U.S. ETF filing dedicated to Chainlink as issuers expand altcoin ETF attempts.
What is the Bitwise Chainlink ETF?
The Bitwise Chainlink ETF is a proposed exchange‑traded fund filed with the U.S. Securities and Exchange Commission that would hold Chainlink (LINK) tokens and offer in‑kind creation and redemption using LINK. The filing names Coinbase Custody as custodian and begins the SEC review process once a Form 19b‑4 is submitted.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
The fund’s Form S‑1 indicates it would directly hold LINK tokens in custody, with Coinbase Custody named as the custodian. In‑kind mechanics let authorized participants exchange LINK for ETF shares, limiting the need for constant fiat conversions and aiming to reduce tracking error.
Direct ETF exposure can broaden institutional and retail access to LINK without requiring direct custody from investors. The filing coincides with a short‑term price boost: LINK rose about 4.2% to $24.18 in 24 hours, and is ~26% higher over 30 days (CoinGecko).
Bitwise submitted a Form S‑1 to the SEC on Tuesday. The company must next file a Form 19b‑4 to start the exchange listing and approval process. SEC review timelines vary; filings do not guarantee approval.
LINK rose roughly 4.2% in the 24 hours after Bitwise’s filing, reaching $24.18, according to CoinGecko. Over the past 30 days LINK gained ~26% but remains well below its May 2021 peak near $53.
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/bitwise-files-for-chainlink-link-etf-that-could-become-first-u-s-fund-to-hold-native-token/