Catenaa, Friday, August 29, 2025-Bitwise Asset Management has filed a preliminary registration with the US Securities and Exchange Commission to launch a spot Chainlink exchange-traded fund, the firm announced Tuesday.
The fund will track the price of LINK, the native token of the Chainlink oracle network, aiming to expand single-asset crypto offerings for institutional and retail investors.
The filing names Coinbase Custody Trust Company as the proposed custodian, with Coinbase, Inc. serving as the prime execution agent.
Bitwise intends for the ETF’s shares to reflect LINK’s market value, allowing creations and redemptions through in-kind and cash transactions via a Trust-Directed Trade process. The listing venue has not been disclosed.
The registration does not include staking provisions for LINK, despite SEC guidance in May clarifying that staking on proof-of-stake networks does not constitute a securities transaction.
The ETF will provide pass-through exposure to LINK’s spot price, without participation in validator rewards or decentralized finance protocols.
Chainlink serves as a decentralized oracle network connecting real-world data to blockchain smart contracts.
LINK tokens are used to incentivize node operators and support governance within its proof-of-stake system.
The move follows a broader industry push to develop single-asset crypto ETFs, including Grayscale’s recent filing to convert its Avalanche Trust into a spot AVAX ETF.
Bitwise’s filing underscores growing Wall Street interest in token-specific funds.
The ETF would mark a further step in institutional adoption of cryptocurrencies beyond bitcoin and ether, providing investors regulated exposure to Chainlink’s market performance.
