- Bitwise filed with the SEC to launch the primary U.S. spot Chainlink (LINK) ETF.
- Coinbase Custody named as custodian, with the ETF set to trace CME’s LINK benchmark price.
- Success of Bitcoin and Ethereum ETFs is fueling enlargement into altcoins like Solana, NEAR, and now Chainlink.
Bitwise Asset Administration is again knocking on the SEC’s door, this time with an S-1 submitting dated Aug. 26, 2025, for what might grow to be the primary U.S. spot Chainlink (LINK) ETF. The proposal goals to offer buyers a technique to achieve publicity to LINK by means of regulated markets, with out the trouble of direct custody. As an alternative, the product will observe the CME CF Chainlink–Greenback Reference Fee, providing a benchmark-backed value feed.
Coinbase to Deal with Custody
In accordance with the submitting, Coinbase Custody Belief Firm is being lined up as custodian for the ETF, reinforcing the pattern of massive U.S. gamers teaming up on crypto-backed monetary merchandise. The transfer comes proper after Bitcoin and Ethereum ETFs secured long-awaited approvals in 2024, and it reveals how rapidly asset managers are racing to diversify past the 2 flagship cryptos.
Past BTC and ETH
Bitwise has already examined the waters with filings tied to Solana and NEAR Protocol, and the LINK utility indicators a broader guess: that buyers are hungry for publicity to altcoins by means of conventional wrappers. The timing could also be good. Knowledge from Blockworks reveals Bitcoin ETFs pulling in practically $78 billion in flows, whereas Ethereum ETFs path at round $23 billion. Even Solana, regardless of all the thrill, has solely captured $162 million.
Chainlink, with its popularity because the go-to oracle community for DeFi, could possibly be the subsequent token to make the leap into Wall Avenue’s mainstream ETF market.