BREAKING: Bitwise’s Spot Chainlink ETF Hits DTCC – Institutional Adoption Incoming?
Wall Street’s latest crypto play just got real. Bitwise’s spot Chainlink ETF appeared on the DTCC registry—typically the final step before launch. The move signals growing institutional appetite for oracle networks powering DeFi’s backbone.
Why This Matters
Chainlink’s LINK token surged 15% on the news, as traders bet on fresh capital inflows. The ETF would give traditional investors exposure without the wallet headaches—because who actually enjoys managing private keys?
The Bigger Picture
This follows a string of crypto ETF approvals, proving regulators can’t ignore the asset class forever. Though let’s be honest—they’ll still try to slow-roll it until the banks finish building their positions.
Bottom Line: The institutions are coming. Again. This time with smarter money targeting crypto’s critical infrastructure plays. The only question left—will retail traders front-run them or get left holding bags?
DTCC: Wall Street’s Backbone for Clearing and Settlement
The DTCC serves as one of Wall Street’s Core post-trade infrastructure platforms, handling the clearing, settlement, and recording of financial transactions to ensure efficient and secure processing for assets, including stocks and ETFs.
Bitwise, one of the largest crypto asset managers in the US, has yet to file its Form 8-A, a key requirement before an ETF can officially list on an exchange.
The firm initially filed its Form S-1 in August, outlining its plan for an ETF designed to track Chainlink (LINK), the native token powering Chainlink’s decentralized oracle network, which delivers real-world data to smart contracts on-chain.
Grayscale is also pursuing a spot Chainlink ETF, though analysts say it could face tougher scrutiny as it aims to incorporate staking, an area still viewed cautiously by US regulators.
The listing comes amid a broader wave of spot crypto ETF applications, many of which have been delayed due to the ongoing US government shutdown, now in its 42nd day.
LATEST: Bitwise Chainlink ETF advances with DTCC listing approval.$LINK pic.twitter.com/AW4u9flSrf
The SEC has been operating at reduced capacity during the shutdown, though lawmakers are expected to approve a funding deal to restore full operations soon.
Industry watchers believe a resolution could accelerate ETF approvals, particularly under the SEC’s new generic listing standards introduced in mid-September.
These rules allow certain crypto investment products to be approved without requiring case-by-case reviews, potentially streamlining future listings for altcoin-focused ETFs such as Solana (SOL), Avalanche (AVAX), Dogecoin (DOGE), and Hedera (HBAR).
If cleared, Bitwise’s Chainlink ETF WOULD become one of the first US spot ETFs offering exposure to a decentralized oracle network, marking another step in the growing institutionalization of altcoin investments.
Crypto Funds See Outflows Amid Renewed Market Volatility
As reported, institutional outflows from crypto investment products accelerated last week, reaching $1.17 billion, the second consecutive week of heavy withdrawals amid renewed market volatility and macroeconomic uncertainty.
Data shows trading volumes in ETPs remained high at $43 billion, but Optimism from midweek progress on resolving the U.S. government shutdown quickly faded, sparking further redemptions by Friday.
The US market drove most of the outflows, totaling $1.22 billion, while Germany and Switzerland saw modest inflows of $41.3 million and $49.7 million, respectively.
Bitcoin funds led the losses with $932 million in outflows, followed by ethereum at $438 million, though short Bitcoin ETPs logged $11.8 million in inflows, their strongest week since May 2025.
Despite the bearish trend, select altcoins showed resilience. solana led with $118 million in inflows, bringing its nine-week total to $2.1 billion.
