Bitwise Submits S-1 Filing for Chainlink ETF

Bitwise Asset Management has filed a preliminary prospectus with the U.S. SEC to launch a Chainlink ETF, which would directly hold LINK and track the CME CF Chainlink-Dollar Reference Rate. If approved, this would expand Bitwise’s portfolio of single-token crypto ETFs. Chainlink, a decentralized oracle network, underpins many decentralized applications across sectors such as DeFi and NFTs. LINK is currently ranked 13th in market capitalization, trading at approximately $23.