Particle.news
Download on the App Store
4 ARTICLES
·
1h ago

Bitwise Files With SEC for U.S. Spot Chainlink ETF

Approval would give investors regulated access to LINK through a passively managed trust priced to a CME CF benchmark.

Photo: Michael Nagle/Bloomberg
Image

Overview

  • The preliminary S-1 filed on Aug. 26 seeks approval for the Bitwise Chainlink ETF that would hold LINK directly.
  • If cleared, it would be the first U.S. ETF designed to offer direct exposure to Chainlink’s token.
  • Coinbase Custody Trust Company is named to safeguard the fund’s LINK, with pricing tied to the CME CF Chainlink–Dollar Reference Rate (New York Variant).
  • The trust would be passively managed, with no trading or hedging of LINK by the sponsor.
  • Shares are expected to list on a national exchange without a disclosed ticker, and Bitwise is also awaiting SEC decisions on proposed ETFs tied to XRP, Solana, Dogecoin, and Aptos.