Overview

• The proposed Bitwise Chainlink ETF would hold LINK directly with Coinbase Custody and price to the CME CF Chainlink–Dollar Reference Rate (New York Variant).
• The trust is structured as a Delaware statutory trust and would permit in‑kind creation and redemption alongside cash processes via a trust‑directed trade mechanism.
• Bitwise said the fund will be passively managed with no active trading or hedging of the Chainlink held by the trust.
• The registration did not specify a ticker, listing exchange, or fees, stating only that shares are expected to trade on a U.S. national securities exchange.
• LINK rose roughly 4%–6% intraday on the news as the application joins a growing slate of single‑token crypto ETF proposals, with a 19b‑4 and months of SEC review likely ahead.