- Bitwise’s Chainlink ETF appears on DTCC which signals a strong move toward possible SEC approval soon.
- Chainlink ETFs from Bitwise and Grayscale aim to give investors direct exposure to the LINK token.
- Bitwise expands its ETF range with filings for XRP Solana and Hyperliquid showing wider institutional focus.
Bitwise’s Chainlink (LINK) exchange-traded fund has appeared on the Depository Trust and Clearing Corporation (DTCC) system under the symbol CLNK. The DTCC handles trade settlements, custody, and post-trade services for the United States financial market. The listing does not guarantee approval from the US Securities and Exchange Commission. However, it often signals a step toward potential regulatory clearance.
The development follows Bitwise’s recent filing for a Spot Dogecoin ETF using the 8(a) form. This filing type can take effect automatically after 20 days if the SEC does not intervene. The method is unusual but allowed under existing rules. It is often used by firms seeking to avoid long waiting periods from regulators.
Bitwise and Grayscale Compete for Approval
Bitwise first filed for a Chainlink ETF in August this year. One month later, Grayscale submitted a similar proposal to the SEC. Both ETFs aim to provide investors with direct exposure to Chainlink’s native token, LINK. Despite the shared goal, their fund structures differ.
Bitwise’s Chainlink ETF excludes staking features. Grayscale’s proposal includes staking, which would allow part of the LINK tokens in the fund to secure the Chainlink network while generating rewards. Staking plays a key role in supporting decentralized networks and maintaining security.
Chainlink’s Role in Blockchain Infrastructure
Chainlink operates as a decentralized network that connects smart contracts to real-world data. It supplies information such as market prices, sports scores, and weather conditions to blockchain systems. By enabling accurate data flow, Chainlink helps digital agreements execute with reliable and verified inputs. Node operators earn LINK tokens for providing data and supporting network stability.
If the ETF gains approval, it would allow traditional investors to access one of the most recognized blockchain infrastructure projects. Institutional access through ETFs could further validate Chainlink’s role within the broader digital asset market.
Bitwise Expands ETF Portfolio
Bitwise has been accelerating its ETF initiatives across multiple assets. On November 1, the company filed an amendment for its XRP ETF. The revised filing introduced a 0.34% management fee and listed the New York Stock Exchange as the trading venue. Analysts believe the final amendment positions the fund for approval in the coming weeks.
In addition, Bitwise’s Solana Staking ETF recently launched with $55.4 million in trading volume on its first day. It recorded the highest debut activity among crypto ETFs in 2025. The company also submitted an application for a Hyperliquid ETF, aiming to offer direct exposure to the HYPE token through a trust structure.
The steady flow of filings highlights the growing institutional focus on crypto-linked ETFs. As regulators review new applications, investor attention continues to shift toward digital assets with practical use cases and secure data solutions.
