TLDR:
- Bitwise Chainlink ETF added to DTCC list, marking procedural progress.
- DTCC eligibility does not signal SEC approval or trading start.
- LINK trades near $15.38 after a volatile rebound week.
- Institutional focus grows as traders eye $16–$17 resistance zone
The Bitwise Chainlink ETF (ticker: CLNK) has been added to the Depository Trust & Clearing Corporation (DTCC) eligibility list. This marks an early procedural step in preparing the fund for potential market settlement.
The listing does not represent approval from the Securities and Exchange Commission (SEC) or any other regulatory body. However, it has attracted attention from traders tracking institutional engagement with Chainlink’s growing ecosystem.
Bitwise Chainlink ETF Joins DTCC Eligibility List
According to data shared by Wu Blockchain, the listing represents part of the standard clearing and settlement process for new ETFs.
The DTCC designation allows the Bitwise Chainlink ETF to move through technical systems once all required approvals are completed. It is not a sign that trading will begin soon, but it does suggest readiness for operational setup.
The update is as a typical yet necessary step before any ETF launch in the U.S. The DTCC’s role ensures that securities can settle efficiently once regulators provide clearance.
For Chainlink, this procedural milestone added fresh momentum to discussions about the network’s expanding role in traditional finance.
The move also aligns with broader efforts by asset managers to introduce blockchain-linked investment products with institutional backing. Bitwise’s ETF proposal aims to connect decentralized data infrastructure with regulated financial frameworks.
Although no official launch date exists, the development reinforces Chainlink’s visibility among large market participants.
LINK Price Rebounds as Traders Monitor Institutional Momentum
CoinGecko data shows LINK trading around $15.38 after recovering from intraday lows near $15.23.
Despite a 7.5% decline in the past 24 hours, LINK remains up 7.25% on the week. The token’s daily range between $15.23 and $16.70 highlights sustained volatility amid shifting market sentiment.
Earlier in November, LINK touched 2025 lows around $14 following Bitcoin’s dominance-driven market correction. Since then, renewed on-chain activity and institutional inflows have supported a rebound toward the $16–$17 resistance zone.
Market watchers suggest traders are accumulating positions ahead of potential catalysts related to institutional interest.
Wu Blockchain reported that the ETF’s DTCC listing contributed to renewed speculation about further institutional integration, though no regulatory decisions have been confirmed. Trading volume has remained elevated, signaling growing participation from retail and institutional desks. The $15 support zone as a crucial short-term level for maintaining bullish structure.
As of the latest session, LINK continues to consolidate its gains, with buyers defending intraday lows. Market data indicates resistance remains strong near $17, where traders await confirmation of a breakout.
The post Bitwise Chainlink ETF Gains DTCC Eligibility as LINK Price Holds Above $15 appeared first on Blockonomi.
Source: https://blockonomi.com/bitwise-chainlink-etf-gains-dtcc-eligibility-as-link-price-holds-above-15/