Bitwise Asset Management has just filed an application with the SEC to launch a new exchange-traded fund (ETF). This fund focuses exclusively on the native token of the Chainlink platform. According to the filing, the fund would use Coinbase Custody as its custodian and facilitate in-kind creation and redemption of LINK. This allows investors to buy and sell shares directly with the token.

Details such as the fund’s ticker, the chosen exchange platform, and management fees have not yet been disclosed. This initiative marks a historic milestone for US ETFs. Indeed, no product of this type has previously been proposed to track the price of LINK.

If the SEC approves Bitwise’s Chainlink ETF, it could legitimize institutional demand for LINK. This token has until now been primarily influenced by retail investors and the decentralized finance (DeFi) market.

Indeed, the ETF would give access to LINK for players such as pension funds, hedge funds, and other large institutional investors in a conventional, compliant investment format. Analysts estimate this could increase the token’s liquidity and exert upward pressure on prices. This would occur as institutional demand increases.

The market has already reacted positively to the announcement. On the day of the filing, the price of LINK rose 5% from an intraday low of $22.94, reflecting investor optimism about the potential impact of the ETF. Currently, the token is trading at $24.29, recording gains of 3.68% in just 24 hours.

Several ETFs centered on altcoins are still awaiting SEC approval, with some decisions even being postponed until October 2025. In this context, Bitwise’s filing for a Chainlink ETF comes at a key moment for LINK.

The project recently concluded a high-level partnership with SBI Holdings in Japan. This should unlock innovative use cases, such as the tokenization of real-world assets and the use of Chainlink’s oracle technology to verify on-chain stablecoin reserves.

On the same subject:

Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.

CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.

Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.

Get 6200 USDT with Bitget ! 🔥

Don't miss out on this offer !
Create your account now to unlock this exclusive reward
Open a Bitget account
close-link
Click Me