Chainlink LINK ETF Nears Regulatory Approval as DTCC Lists Bitwise’s CLNK as Active Pre-Launch
The Depository Trust and Clearing Corporation (DTCC) has classified Bitwise's spot Chainlink ETF (CLNK) as "active and pre-launch," indicating potential regulatory approval. This development coincides with a broader crypto market rally, with LINK currently trading at $15.36. Market analysts consider ETF approval a pivotal moment for Chainlink's institutional adoption.
Bitwise led the chainlink ETF race with its August S-1 filing, while Grayscale later proposed a staking-enabled version. While the SEC holds final approval authority, DTCC's classification typically precedes major crypto product launches. Notably, Bitwise's non-staking structure differs from Grayscale's yield-generating approach.