According to latest reports, asset manager Bitwise Asset Management has filed an S-1 with the U.S. Securities and Exchange Commission to bring spot Chainlink ETF to U.S. markets. If approved, this would be the first-ever spot Chainlink ETF. The proposed fund, called the Bitwise Chainlink ETF, would hold LINK tokens directly in custody, tracking the CME CF Chainlink-Dollar Reference Rate. Coins would be stored by Coinbase Custody Trust Company and trade execution would be managed by Coinbase Prime. This spot Chainlink ETF has a streamlined design with no staking or complex structures, which is expected to speed up regulatory approval compared to other altcoin-linked proposals. Why the Filing? Chainlink is one of the top tokens by market cap and plays a foundational role in decentralized finance through its oracle services to blockchains like Ethereum. Demand has been growing from both developers and institutions, driven by partnerships and on-chain infrastructure adoption. Bitwise Chainlink ETF The spot Chainlink ETF could be a more familiar, regulated way for investors to get exposure to this asset. With institutions leaning towards ETFs, this product could be the bridge between crypto infrastructure and traditional portfolios. Also read: Chainlink Price Soars 38% in August as On-Chain Signals Hint at $30 Rally Market Reaction and Outlook $LINK’s price popped up about 5% from intraday lows following the filing. However, despite the bounce, technicals suggest lingering bearish pressure amid the broader market volatility. Approval is still uncertain and other altcoin filings like Solana, Dogecoin, XRP and NEAR are still facing regulatory hurdles. Crypto ETF Race Bitwise has been a pioneer in crypto ETFs, having launched spot Bitcoin and Ethereum ETFs with combined AUM in the billions. The SEC’s previous setbacks like pausing Bitwise’s BITW fund shortly after approval show the regulatory environment is cautious. That reversal showed internal uncertainty within the commission and the evolving standards. Bitwise Chainlink ETF Conclusion Based on the latest research, Bitwise’s filing for the first Bitwise Chainlink ETF is a step towards exposure to core protocol infrastructure. By creating a clean spot-based structure with reputable custody and defined pricing, the fund could be the gateway for institutional investors to get into decentralized oracle networks through regulated channels. Also read: CEO Sergey Nazarov: How Chainlink Will Power the Future of Regulated Stablecoins As the ETF race heats up, Bitwise’s next step is navigating the SEC’s approval process; a test case for altcoin ETFs in the ever changing regulatory race. For in-depth analysis and the latest trends in the crypto space, our team offers expert content regularly. Summary Bitwise Asset Management has filed for the first ever spot Chainlink ETF in the US to give investors direct exposure to $LINK through a regulated product. The fund will hold $LINK in custody with Coinbase Custody, track the CME CF Chainlink–Dollar Reference Rate and have in-kind and cash transactions. Glossary Spot ETF – A fund that holds the underlying asset and mirrors its price. Chainlink (LINK) – The token for a decentralized oracle network that feeds live data to smart contracts. Custodian – A trusted entity that holds assets on behalf of a fund. CME CF Reference Rate – The benchmark price rate for Chainlink used as a pricing standard for funds. S-1 Filing – The initial registration statement filed with the SEC to launch a new public offering or ETF. FAQs for Bitwise Chainlink ETF What is a “spot Chainlink ETF”? An ETF that holds LINK tokens directly (spot exposure) so investors can get regulated exposure to Chainlink’s native asset without owning it directly. Who will hold the LINK tokens? Coinbase Custody Trust Company will be the custodian, and Coinbase Prime will handle trading. Why is “spot” exposure important? Spot ETFs hold the actual asset, not futures or derivatives, so investors can engage with crypto assets in a simpler and more transparent way. Does filing mean approval? No. The SEC has halted similar ETFs in the past even after preliminary approval, so the regulatory environment is still evolving. Read More: Bitwise Files for First U.S. Spot Chainlink ETF With Coinbase as Custodian">Bitwise Files for First U.S. Spot Chainlink ETF With Coinbase as CustodianAccording to latest reports, asset manager Bitwise Asset Management has filed an S-1 with the U.S. Securities and Exchange Commission to bring spot Chainlink ETF to U.S. markets. If approved, this would be the first-ever spot Chainlink ETF. The proposed fund, called the Bitwise Chainlink ETF, would hold LINK tokens directly in custody, tracking the CME CF Chainlink-Dollar Reference Rate. Coins would be stored by Coinbase Custody Trust Company and trade execution would be managed by Coinbase Prime. This spot Chainlink ETF has a streamlined design with no staking or complex structures, which is expected to speed up regulatory approval compared to other altcoin-linked proposals. Why the Filing? Chainlink is one of the top tokens by market cap and plays a foundational role in decentralized finance through its oracle services to blockchains like Ethereum. Demand has been growing from both developers and institutions, driven by partnerships and on-chain infrastructure adoption. Bitwise Chainlink ETF The spot Chainlink ETF could be a more familiar, regulated way for investors to get exposure to this asset. With institutions leaning towards ETFs, this product could be the bridge between crypto infrastructure and traditional portfolios. Also read: Chainlink Price Soars 38% in August as On-Chain Signals Hint at $30 Rally Market Reaction and Outlook $LINK’s price popped up about 5% from intraday lows following the filing. However, despite the bounce, technicals suggest lingering bearish pressure amid the broader market volatility. Approval is still uncertain and other altcoin filings like Solana, Dogecoin, XRP and NEAR are still facing regulatory hurdles. Crypto ETF Race Bitwise has been a pioneer in crypto ETFs, having launched spot Bitcoin and Ethereum ETFs with combined AUM in the billions. The SEC’s previous setbacks like pausing Bitwise’s BITW fund shortly after approval show the regulatory environment is cautious. That reversal showed internal uncertainty within the commission and the evolving standards. Bitwise Chainlink ETF Conclusion Based on the latest research, Bitwise’s filing for the first Bitwise Chainlink ETF is a step towards exposure to core protocol infrastructure. By creating a clean spot-based structure with reputable custody and defined pricing, the fund could be the gateway for institutional investors to get into decentralized oracle networks through regulated channels. Also read: CEO Sergey Nazarov: How Chainlink Will Power the Future of Regulated Stablecoins As the ETF race heats up, Bitwise’s next step is navigating the SEC’s approval process; a test case for altcoin ETFs in the ever changing regulatory race. For in-depth analysis and the latest trends in the crypto space, our team offers expert content regularly. Summary Bitwise Asset Management has filed for the first ever spot Chainlink ETF in the US to give investors direct exposure to $LINK through a regulated product. The fund will hold $LINK in custody with Coinbase Custody, track the CME CF Chainlink–Dollar Reference Rate and have in-kind and cash transactions. Glossary Spot ETF – A fund that holds the underlying asset and mirrors its price. Chainlink (LINK) – The token for a decentralized oracle network that feeds live data to smart contracts. Custodian – A trusted entity that holds assets on behalf of a fund. CME CF Reference Rate – The benchmark price rate for Chainlink used as a pricing standard for funds. S-1 Filing – The initial registration statement filed with the SEC to launch a new public offering or ETF. FAQs for Bitwise Chainlink ETF What is a “spot Chainlink ETF”? An ETF that holds LINK tokens directly (spot exposure) so investors can get regulated exposure to Chainlink’s native asset without owning it directly. Who will hold the LINK tokens? Coinbase Custody Trust Company will be the custodian, and Coinbase Prime will handle trading. Why is “spot” exposure important? Spot ETFs hold the actual asset, not futures or derivatives, so investors can engage with crypto assets in a simpler and more transparent way. Does filing mean approval? No. The SEC has halted similar ETFs in the past even after preliminary approval, so the regulatory environment is still evolving. Read More: Bitwise Files for First U.S. Spot Chainlink ETF With Coinbase as Custodian">Bitwise Files for First U.S. Spot Chainlink ETF With Coinbase as Custodian
Bitwise Files for First U.S. Spot Chainlink ETF With Coinbase as Custodian
4 min read
According to latest reports, asset manager Bitwise Asset Management has filed an S-1 with the U.S. Securities and Exchange Commission to bring spot Chainlink ETF to U.S. markets. If approved, this would be the first-ever spot Chainlink ETF.
The proposed fund, called the Bitwise Chainlink ETF, would hold LINK tokens directly in custody, tracking the CME CF Chainlink-Dollar Reference Rate. Coins would be stored by Coinbase Custody Trust Company and trade execution would be managed by Coinbase Prime.
This spot Chainlink ETF has a streamlined design with no staking or complex structures, which is expected to speed up regulatory approval compared to other altcoin-linked proposals.
Why the Filing?
Chainlink is one of the top tokens by market cap and plays a foundational role in decentralized finance through its oracle services to blockchains like Ethereum. Demand has been growing from both developers and institutions, driven by partnerships and on-chain infrastructure adoption.
Bitwise Chainlink ETF
The spot Chainlink ETF could be a more familiar, regulated way for investors to get exposure to this asset. With institutions leaning towards ETFs, this product could be the bridge between crypto infrastructure and traditional portfolios.
Also read: Chainlink Price Soars 38% in August as On-Chain Signals Hint at $30 Rally
Market Reaction and Outlook
$LINK’s price popped up about 5% from intraday lows following the filing.
However, despite the bounce, technicals suggest lingering bearish pressure amid the broader market volatility. Approval is still uncertain and other altcoin filings like Solana, Dogecoin, XRP and NEAR are still facing regulatory hurdles.
Crypto ETF Race
Bitwise has been a pioneer in crypto ETFs, having launched spot Bitcoin and Ethereum ETFs with combined AUM in the billions. The SEC’s previous setbacks like pausing Bitwise’s BITW fund shortly after approval show the regulatory environment is cautious.
That reversal showed internal uncertainty within the commission and the evolving standards.
Bitwise Chainlink ETF
Conclusion
Based on the latest research, Bitwise’s filing for the first Bitwise Chainlink ETF is a step towards exposure to core protocol infrastructure. By creating a clean spot-based structure with reputable custody and defined pricing, the fund could be the gateway for institutional investors to get into decentralized oracle networks through regulated channels.
Also read: CEO Sergey Nazarov: How Chainlink Will Power the Future of Regulated Stablecoins
As the ETF race heats up, Bitwise’s next step is navigating the SEC’s approval process; a test case for altcoin ETFs in the ever changing regulatory race.
For in-depth analysis and the latest trends in the crypto space, our team offers expert content regularly.
Summary
Bitwise Asset Management has filed for the first ever spot Chainlink ETF in the US to give investors direct exposure to $LINK through a regulated product. The fund will hold $LINK in custody with Coinbase Custody, track the CME CF Chainlink–Dollar Reference Rate and have in-kind and cash transactions.
Glossary
Spot ETF – A fund that holds the underlying asset and mirrors its price.
Chainlink (LINK) – The token for a decentralized oracle network that feeds live data to smart contracts.
Custodian – A trusted entity that holds assets on behalf of a fund.
CME CF Reference Rate – The benchmark price rate for Chainlink used as a pricing standard for funds.
S-1 Filing – The initial registration statement filed with the SEC to launch a new public offering or ETF.
FAQs for Bitwise Chainlink ETF
What is a “spot Chainlink ETF”?
An ETF that holds LINK tokens directly (spot exposure) so investors can get regulated exposure to Chainlink’s native asset without owning it directly.
Who will hold the LINK tokens?
Coinbase Custody Trust Company will be the custodian, and Coinbase Prime will handle trading.
Why is “spot” exposure important?
Spot ETFs hold the actual asset, not futures or derivatives, so investors can engage with crypto assets in a simpler and more transparent way.
Does filing mean approval?
No. The SEC has halted similar ETFs in the past even after preliminary approval, so the regulatory environment is still evolving.
Read More: Bitwise Files for First U.S. Spot Chainlink ETF With Coinbase as Custodian">Bitwise Files for First U.S. Spot Chainlink ETF With Coinbase as Custodian
Market Opportunity
NEAR Price(NEAR)
$1.15
$1.15$1.15
USD
NEAR (NEAR) Live Price Chart
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Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals
BitcoinWorld Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals The financial world often keeps us on our toes, and Wednesday was no exception. Investors watched closely as the US stock market concluded the day with a mixed performance across its major indexes. This snapshot offers a crucial glimpse into current investor sentiment and economic undercurrents, prompting many to ask: what exactly happened? Understanding the Latest US Stock Market Movements On Wednesday, the closing bell brought a varied picture for the US stock market. While some indexes celebrated gains, others registered slight declines, creating a truly mixed bag for investors. The Dow Jones Industrial Average showed resilience, climbing by a notable 0.57%. This positive movement suggests strength in some of the larger, more established companies. Conversely, the S&P 500, a broader benchmark often seen as a barometer for the overall market, experienced a modest dip of 0.1%. The technology-heavy Nasdaq Composite also saw a slight retreat, sliding by 0.33%. This particular index often reflects investor sentiment towards growth stocks and the tech sector. These divergent outcomes highlight the complex dynamics currently at play within the American economy. It’s not simply a matter of “up” or “down” for the entire US stock market; rather, it’s a nuanced landscape where different sectors and company types are responding to unique pressures and opportunities. Why Did the US Stock Market See Mixed Results? When the US stock market delivers a mixed performance, it often points to a tug-of-war between various economic factors. Several elements could have contributed to Wednesday’s varied closings. For instance, positive corporate earnings reports from certain industries might have bolstered the Dow. At the same time, concerns over inflation, interest rate policies by the Federal Reserve, or even global economic uncertainties could have pressured growth stocks, affecting the S&P 500 and Nasdaq. Key considerations often include: Economic Data: Recent reports on employment, manufacturing, or consumer spending can sway market sentiment. Corporate Announcements: Strong or weak earnings forecasts from influential companies can significantly impact their respective sectors. Interest Rate Expectations: The prospect of higher or lower interest rates directly influences borrowing costs for businesses and consumer spending, affecting future profitability. Geopolitical Events: Global tensions or trade policies can introduce uncertainty, causing investors to become more cautious. Understanding these underlying drivers is crucial for anyone trying to make sense of daily market fluctuations in the US stock market. Navigating Volatility in the US Stock Market A mixed close, while not a dramatic downturn, serves as a reminder that market volatility is a constant companion for investors. For those involved in the US stock market, particularly individuals managing their portfolios, these days underscore the importance of a well-thought-out strategy. It’s important not to react impulsively to daily movements. Instead, consider these actionable insights: Diversification: Spreading investments across different sectors and asset classes can help mitigate risk when one area underperforms. Long-Term Perspective: Focusing on long-term financial goals rather than short-term gains can help weather daily market swings. Stay Informed: Keeping abreast of economic news and company fundamentals provides context for market behavior. Consult Experts: Financial advisors can offer personalized guidance based on individual risk tolerance and objectives. Even small movements in major indexes can signal shifts that require attention, guiding future investment decisions within the dynamic US stock market. What’s Next for the US Stock Market? Looking ahead, investors will be keenly watching for further economic indicators and corporate announcements to gauge the direction of the US stock market. Upcoming inflation data, statements from the Federal Reserve, and quarterly earnings reports will likely provide more clarity. The interplay of these factors will continue to shape investor confidence and, consequently, the performance of the Dow, S&P 500, and Nasdaq. Remaining informed and adaptive will be key to understanding the market’s trajectory. Conclusion: Wednesday’s mixed close in the US stock market highlights the intricate balance of forces influencing financial markets. While the Dow showed strength, the S&P 500 and Nasdaq experienced slight declines, reflecting a nuanced economic landscape. 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