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Chainlink ETF Launch Nears as Bitwise Fund Appears on DTCC

By

Hanan Zuhry

Hanan Zuhry

Chainlink ETF launch nears as Bitwise’s fund appears on DTCC, signaling readiness for institutional investors and wider crypto adoption.

Chainlink ETF Launch Nears as Bitwise Fund Appears on DTCC

Quick Take

Summary is AI generated, newsroom reviewed.

  • Bitwise’s Chainlink ETF now listed on DTCC for settlement readiness.

  • The ETF tracks LINK and targets institutional investors.

  • SEC approval is still required before trading can begin.

  • This move could pave the way for more altcoin ETFs beyond Bitcoin and Ethereum.

Bitwise’s proposed Chainlink ETF has appeared on the DTCC (Depository Trust & Clearing Corporation) site, reports Coin Bureau. This is a major step for the fund and a sign that a launch could be coming soon. However, it does not mean the U.S. SEC has approved it yet. The DTCC listing mainly shows that the Chainlink ETF launch is ready for back‑office settlement once it gets regulatory approval.

What is Happening?

The Chainlink ETF, ticker CLNK, is designed to track the price of LINK, the native token of the Chainlink network. Being on the DTCC list means that the fund’s operational setup is complete. Banks, brokers, and clearing systems can now recognize it for transactions.

This is important because it bridges traditional finance with the crypto world. Institutional investors can access the token through a familiar investment vehicle. It also shows that major infrastructure steps are in place, making a launch smoother when approval comes.

Why It Matters

A lot of reasons make this development significant:

  • Access for institutions: Investors who normally cannot buy crypto directly can now gain exposure through the ETF.
  • Credibility: DTCC recognition shows the system can handle the fund safely.
  • Momentum for altcoin ETFs: After Bitcoin and Ethereum ETFs, Chainlink may open the door for more token-focused investment products.

This could mean broader adoption of crypto tokens beyond the major coins, and more legitimacy for blockchain-based assets in the eyes of traditional finance.

What’s Still Pending

Even though the DTCC listing is a positive step, approval from the SEC is still needed. Until the regulator gives the green light, the ETF cannot start trading. Investors should also pay attention to details like liquidity, custody and market surveillance, which regulators often consider before approving new crypto products.

It’s also important to remember that being on the DTCC list doesn’t guarantee a launch date or any price changes. The listing simply shows readiness for settlement once the product is allowed to trade.

If approved, the Chainlink ETF launch could start trading under the CLNK ticker soon. This would give institutional investors a regulated way to invest in LINK. It may also encourage other altcoin ETFs, expanding investment options beyond Bitcoin and Ethereum.

The Impact on Crypto Finance

The Bitwise Chainlink ETF launch appearing on the DTCC site is a clear sign that a launch is near. While approval is still pending, this step shows that traditional finance infrastructure is preparing to handle crypto investments. For Chainlink fans and institutional investors, this could mark the start of a new chapter in token-based finance.

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