Bitwise Files for Spot Chainlink ETF - LINK Surges 5% on Institutional Demand

Wall Street's crypto embrace accelerates as Bitwise joins the ETF frenzy with Chainlink filing.

Institutional Validation

Bitwise's ETF application signals growing institutional appetite for oracle networks—LINK immediately jumped 5% on the news. The move follows successful Bitcoin and Ethereum ETF launches, proving TradFi finally understands that crypto isn't just about currency anymore.

Oracle Networks in Spotlight

Chainlink's price surge reflects market recognition that decentralized oracles form critical infrastructure for the entire DeFi ecosystem. Smart contracts need reliable external data, and institutions are betting LINK becomes the backbone.

Because nothing says 'mature asset class' like wrapping it in Wall Street's favorite packaging—just don't mention the irony of decentralizing through centralized financial products.