Overview
- DTCC now shows Bitwise’s proposed Chainlink ETF under ticker CLNK in both “active” and “pre‑launch,” a standard clearing and settlement step that is not SEC approval.
- Bitwise filed an S‑1 in August but has not submitted the Form 8‑A required before an exchange listing can proceed.
- The SEC’s review pipeline remains slowed by a 42‑day government shutdown, and coverage notes the Senate passed a funding bill that still awaits House action.
- Fund documents name Coinbase Custody Trust Company as custodian and contemplate in‑kind creation and redemption using LINK.
- LINK fell toward the $15 area despite the DTCC progress, with reports of softer trading volumes and lower futures open interest in the near term.