Bitwise Moves Closer to Chainlink ETF Launch as LINK Gains Institutional Traction
Bitwise's proposed chainlink ETF has reached a pivotal pre-launch stage, appearing on the DTCC registry under ticker CLNK. The fund is designed to track LINK, the native token of Chainlink's blockchain oracle network that connects smart contracts with real-world data.
While the DTCC listing doesn't ensure SEC approval, it typically indicates imminent regulatory clearance. Bitwise initially filed for registration in August and must still submit a FORM 8-A before trading can begin.
This development occurs alongside widespread crypto ETF delays due to the ongoing U.S. government shutdown, which has constrained SEC operations. Chainlink continues gaining institutional recognition as oracle networks become essential infrastructure for DeFi ecosystems.
