Well, folks, here we are again with the mighty Bitwise Asset Management stepping up to the plate. They’ve filed to launch an exchange-traded fund, but wait-this one’s got a little twist. It’s all about Chainlink’s self-titled native token, a real treat for crypto fans and financial thrill-seekers alike. 🍿
They’ve gone ahead and filed with the Securities and Exchange Commission-oh, you know, the usual red tape-and the fund is set to go by the name of the Bitwise Chainlink ETF. And who’s going to be the custodian, you ask? None other than Coinbase Custody, because, why not? 🤷♂️
Bitwise isn’t spilling the beans on the ticker symbol or what exchange the ETF will be listed on. And, let’s not forget, no fee disclosure yet either. Keeping us all on our toes.
What’s more, this marks the first time someone has filed for an ETF tracking Chainlink in the US. But don’t pop the champagne just yet-Bitwise still needs to do some paperwork (Form 19b-4) before the SEC can give the green light. Paperwork, yes-because nothing screams “fun” like more forms.
LINK sees a bump in price (Because who doesn’t love a good filing?)
In case you didn’t notice, the price of LINK has surged by 4.2%, hitting $24.18 in just the past 24 hours. And it’s not just Bitwise’s filing-there’s some market movement happening too. According to CoinGecko, the past 30 days have been generous, with LINK up over 26%. But here’s the catch: it’s still a far cry from its glory days of nearly $53 back in May 2021. Ah, the sweet taste of nostalgia…
Altcoin ETFs: The New Frontier
Meanwhile, the crypto world has been buzzing with altcoin ETF filings. A lot of action has been happening on the SEC front, especially since the Trump administration decided to cozy up to crypto. As a result, fund issuers are flooding the SEC with their proposals. It’s a real parade of filings. 🎉
Bitwise isn’t just dabbling in Chainlink though. Their Bitcoin (BTC) and Ether (ETH) ETFs are pulling in serious money, with over $2.26 billion and $460 million in assets under management, respectively. Talk about hitting the jackpot! 💸
And just when you thought it couldn’t get more interesting, VanEck has thrown its hat into the ring. They’ve filed to launch an ETF based on JitoSOL, a liquid staking token that rewards users for staking. If it gets the SEC’s blessing, it will be the first ETF in the US to offer exposure to digital assets with staking rewards. Stake it to make it!
Not to be outdone, Grayscale Investments is jumping on the ETF bandwagon too. They’re pushing to convert their existing Avalanche (AVAX) trust into an ETF. The crypto space is practically exploding with these filings. 💥
And lastly, a nod to Canary Capital, who’s making a bit of noise with two ETF filings this month. First up is an ETF featuring Official Trump (TRUMP), the crypto token associated with US President Donald Trump’s pre-inauguration launch. And they didn’t stop there-they also filed for the Canary American-Made Crypto ETF (MRCA), a fund that will give investors exposure to cryptocurrencies created, mined, or operated in the US. Well, color me intrigued.
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2025-08-27 10:11