Bitwise Asset Management has officially filed to launch an exchange-traded fund (ETF) tracking Chainlink (LINK), marking the first such filing for the crypto oracle platform’s native token in the United States. The filing , submitted to the Securities and Exchange Commission (SEC) on Tuesday, outlines plans for the fund to operate under the name Bitwise Chainlink ETF, with Coinbase Custody listed as the custodian. According to the filing, the ETF would allow in-kind creation and redemption, enabling investors to buy and sell shares directly using LINK tokens. However, Bitwise has not yet disclosed the ETF’s ticker symbol, listing venue, or its fee structure. The proposal was submitted through a Form S-1, though a follow-up Form 19b-4 is required to begin the SEC’s approval process. LINK Price Jumps Amid Bitwise Filing Buzz The news of Bitwise’s filing sparked fresh momentum in Chainlink’s market performance. LINK rose 4.2% in the past 24 hours, trading at $24.18 as of Tuesday, according to CoinGecko data. Over the past 30 days, LINK has gained more than 26%, reflecting growing investor optimism. Still, the token remains significantly below its all-time high of nearly $53 recorded in May 2021. The prospect of an ETF dedicated to Chainlink is seen as another step forward in diversifying crypto investment products in the US market. While spot Bitcoin ETFs have already secured strong traction this year, altcoins like Chainlink are now entering the spotlight, giving institutional and retail investors more opportunities to access blockchain-based assets in regulated form. Altcoin ETF Filings Accelerate Bitwise’s latest move comes amid a wave of altcoin ETF filings . VanEck recently submitted paperwork for an ETF based on JitoSOL, a liquid staking token that provides staking rewards—potentially the first ETF of its kind in the US if approved. Grayscale Investments is also seeking SEC approval to convert its Avalanche (AVAX) trust into an ETF, signaling a trend of expanding beyond Bitcoin and Ether. Meanwhile, Canary Capital has filed for two new ETFs in August. One would hold Official Trump (TRUMP), a token launched by US President Donald Trump, while another— the Canary American-Made Crypto ETF (MRCA) —would offer exposure to digital assets created, mined, or primarily operating in the United States. With political sentiment around crypto warming under the Trump administration, analysts expect more issuers to push for altcoin-linked ETFs. Bitwise Chainlink proposal may set the stage for broader institutional adoption of oracle-based infrastructure tokens in the months ahead. The post Bitwise Files for First-Ever Chainlink ETF in the US appeared first on TheCoinrise.com .
