Overview
- Bitwise’s proposed fund appeared on the DTCC registry under ticker CLNK in both active and pre-launch categories, indicating clearing and settlement readiness.
- The DTCC entry is a procedural step rather than approval, and ETF decisions remain delayed during the prolonged shutdown after a Senate funding bill advanced and awaited House action.
- Bitwise filed its S-1 in August but has not yet submitted Form 8-A, which is required before an exchange listing can proceed.
- Operational details in filings include Coinbase Custody as custodian, use of the CME CF Chainlink–Dollar Reference Rate, and in-kind creation and redemption mechanics.
- LINK traded in the mid-$15 range after the update, while competing proposals such as Grayscale’s staking-enabled design are still under consideration and may face added scrutiny.