Bitwise’s Chainlink ETF Gains DTCC Listing, Hinting at Possible US Launch

• DTCC listing advances Bitwise’s Chainlink ETF proposal, filed via S-1 in August 2025, toward potential launch.

• Unlike Grayscale’s competing Chainlink ETF, Bitwise’s version excludes staking of LINK tokens to simplify operations.

• The move aligns with a surge in altcoin ETF filings, including five spot XRP proposals recently listed by DTCC, amid SEC’s streamlined review processes.

Discover how DTCC’s listing of Bitwise’s Chainlink ETF under CLNK boosts prospects for spot crypto funds. Explore impacts on LINK price, regulatory hurdles, and investment opportunities—stay ahead in the evolving ETF landscape today!

What is the Bitwise Chainlink ETF and Why Does the DTCC Listing Matter?

The Bitwise Chainlink ETF is a proposed spot exchange-traded fund that aims to provide investors with direct exposure to Chainlink’s native LINK token, a key oracle network connecting blockchains to real-world data. The DTCC listing under ticker CLNK, appearing in active and pre-launch filings, indicates that clearance and settlement infrastructure is prepared, following Bitwise’s S-1 registration in August 2025. While not a guarantee of SEC approval, this development underscores growing institutional interest in altcoin-based funds beyond Bitcoin and Ether.

How Does the DTCC Listing Signal Progress for Crypto ETFs?

The DTCC, as the central securities depository for U.S. trades, ensures efficient transaction processing. Its listing of the Chainlink ETF confirms that Bitwise has coordinated with custodians and exchanges, setting the stage for trading once the SEC greenlights the fund. According to DTCC records, such pre-launch entries have historically preceded ETF debuts by weeks or months, as seen with earlier spot Bitcoin funds. This preparation mitigates operational delays, though full approval depends on regulatory scrutiny of market manipulation risks and investor protections. Experts from the financial sector, including analysts at Bloomberg Intelligence, note that these filings reflect issuers’ confidence in faster SEC timelines post-2024 reforms.

While the DTCC listing does not guarantee an ETF launch, it is a positive signal for funds looking at a U.S. launch.

Key Highlights

• DTCC lists Bitwise’s spot Chainlink ETF under ticker CLNK, signaling progress toward launch pending SEC approval.
• Bitwise’s proposal excludes staking, unlike Grayscale’s competing Chainlink ETF that may stake LINK tokens.

Bitwise Asset Management’s proposed spot Chainlink ETF has been listed by the Depository Trust & Clearing Corporation (DTCC) under ticker CLNK. The DTCC clears and settles a vast number of securities trades in the United States, acting as a central intermediary for ensuring transactions are completed securely.

Source: DTCC

The listing appears under DTCC’s “active and pre-launch” filings, signalling readiness for clearance and settlement once regulatory approval comes through.

A DTCC listing does not equal approval by the U.S. Securities and Exchange Commission (SEC), but it indicates that operational preparations have been made, custodial facilities, exchange coordination and clearance facilities are in place. This DTCC listing comes after Bitwise’s S-1 submission in August 2025 for a Chainlink ETF. An S-1 filing is an initial registration statement before new securities can go public.

Unlike some competitors, its filing indicates no plan to stake LINK tokens. Meanwhile, rival issuer Grayscale Investments submitted its own Chainlink ETF proposal in September, which may include staking.

Frequently Asked Questions

What Are the Key Differences Between Bitwise’s Chainlink ETF and Grayscale’s Proposal?

Bitwise’s Chainlink ETF focuses solely on spot exposure to LINK tokens without staking features, aiming for straightforward custody and reduced complexity. In contrast, Grayscale’s filing potentially incorporates staking to generate yields, which could appeal to income-seeking investors but introduces additional regulatory and operational risks. Both await SEC review, with Bitwise’s approach prioritizing simplicity based on filings submitted in 2025.

Will the DTCC Listing Lead to an Immediate Chainlink ETF Launch?

The DTCC listing for the Chainlink ETF marks a crucial preparatory step, but it does not trigger an immediate launch. Investors should expect further SEC evaluation of the S-1 filing, potentially involving amendments for compliance. Historical precedents, such as spot Ether ETFs, show that post-listing approvals can occur within months, enhancing accessibility for mainstream portfolios through regulated channels.

Key Takeaways

• Operational Milestone Achieved: The DTCC’s inclusion of Bitwise’s Chainlink ETF under CLNK demonstrates that backend infrastructure is ready, paving the way for potential trading upon SEC nod.
• Altcoin ETF Momentum Builds: This filing joins a wave of proposals, including XRP spot ETFs from issuers like Franklin Templeton and 21Shares, signaling broader crypto integration into traditional finance.
• Investor Considerations Ahead: While offering diversified exposure to Chainlink’s oracle ecosystem, participants must monitor regulatory timelines and LINK’s market volatility, currently at $15.41 with a $10.74 billion cap.

Conclusion

The DTCC listing of Bitwise’s Chainlink ETF under ticker CLNK represents a pivotal advancement in the spot crypto ETF arena, highlighting Chainlink’s infrastructure role and institutional appeal. As regulatory frameworks evolve, including the SEC’s generic listing standards, this development alongside XRP ETF filings points to an expanding landscape for altcoin investments. Investors are encouraged to track upcoming S-1 amendments and approval decisions, positioning themselves for emerging opportunities in blockchain-linked assets.

DTCC listing shows Chainlink ETF Readiness

Chainlink is a key infrastructure token powering the oracle network that connects blockchains to real-world data. With the exchange-traded fund (ETF), traditional investors would have a regulated exposure to LINK without having to hold tokens.

The list shows that more institutions are becoming interested in crypto, not only in bitcoin and ether. The operational preparedness implies that the market participants anticipate that approval timelines will be reduced.

For investors, this may open new diversification opportunities, but also introduces regulatory risk and uncertainty.

Rising wave of crypto ETF launches

The popularity of spot crypto ETFs has exploded following the successful launches of spot Bitcoin and Ether funds earlier this year. As the asset-class matures, issuers are racing to bring altcoin-based funds to market, with Chainlink now joining the queue.

At the same time, the DTCC recently listed five spot XRP ETF proposals from Bitwise, Franklin Templeton Investments, 21Shares AG, Canary Capital, and CoinShares Group, under its “pre-launch” category, fuelling speculation that XRP could be next to receive regulatory green light.

Recent market and regulatory signals

The SEC has recently adopted generic listing standards to speed up review of crypto-ETFs. The government shutdown earlier this year delayed approvals, but with operations back online, many believe a flurry of launches could occur soon.

The DTCC listing of the Chainlink fund comes amid this wave. While listing does not guarantee launch, such entries historically precede trading by weeks or months. For instance, with earlier altcoin funds, the interval between DTCC listing and public trading was measurable, but not instant.

Potential impact on Chainlink and ETF markets

For Chainlink token holders, the ETF may lead to more liquidity, expand access and introduce more visibility to the infrastructure role of LINK. In the case of the ETF market, the introduction of Chainlink is the transition of currency-like assets (bitcoin, ether) to infrastructure-native tokens.

On the flip side, investors must weigh risks, regulatory approval is still pending, staking models (in other proposals) may introduce complexity, and token-specific custody and governance risks remain. The timing of launch, initial size of capital flows and market reaction remain unknown and could vary widely.

Next steps for Bitwise and the SEC

Bitwise will wait on the SEC review. Once the regulator deems the S-1 amendment effective, the ETF could list on an exchange and begin trading, assuming the exchange approves it.

In parallel, issuers of the spot XRP ETFs appear to be lining up for imminent launches, some analysts expect debut as early as later this month, now that DTCC and regulatory frameworks are in place.

One key milestone, exchanges must file Form 8-A (for a fund) or equivalent, and the SEC must declare registration effective. Until then, listings like CLNK remain “pre-launch”.

At the time of writing, Chainlink (LINK) was trading at $15.41, down 5.23% in the past 24 hours, with a 24-hour volume of $690.6 million and a market cap of $10.74 billion, as per CoinMarketCap data.

Chainlink’s growing role in institutional investment

The DTCC listing of Bitwise’s Chainlink ETF under the ticker CLNK is a meaningful signal in the rapidly evolving crypto-ETF landscape. It confirms that the infrastructure for a regulated Chainlink exposure is moving forward, even though regulatory approval is still pending.

In combination with the wave of spot XRP ETF filings and listings, the move hints at a broader shift, the next chapter of crypto in traditional finance may focus not just on currencies but on the networks that power them.

For investors, it underscores both opportunity and caution, wider access looms, but execution and approval are not guaranteed.

Also Read: Canary to Launch First XRP Spot ETF