How a Little Paper on the Monopoly Board Might Unlock Chainlink’s Future (Or Not)

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In the shadowed corridors of financial dreams and bureaucratic mazes, a new fragment of hope emerges. Bitwise’s spot Chainlink ETF has found its name inscribed on the venerable registry of the Depository Trust and Clearing Corporation-the deed to a distant hope, or perhaps just a fancy RSVP in the grand ball of Wall Street. 🚀

Bitwise’s Quixotic Quest for Approval: Closer Than Yesterday, Yet Still Not There

On November’s sad but hopeful day, the 11th, the ETF-markedly under the ticker CLNK-was placed in the “active” and “pre-launch” sections of the DTCC’s sacred listings. An ominous sign? Hardly. More like a whisper that perhaps, just perhaps, the gods of finance might be smiling-or at least pretending to do so. Still, the SEC’s approving nod remains elusive, a girl that laughs in the face of suitors. 💃

Bitwise Chainlink ETF $CLNK listed on DTCC pre-launch funds list 🔥$LINK – Zach Rynes | CLG (@ChainLinkGod) November 12, 2025

Meanwhile, our valiant heroes at Bitwise, armed with documents and a dash of hope, have sent forth their S-1 registration for a spot Chainlink ETF that tracks LINK, which is flirting around the $16.11 mark. With volatility of 1.7%, and market cap nearly 11.22 billion dollars, it’s a circus act with a lot riding on a tiny piece of paper. 📝

They pondered, “On which grand exchange shall we parade our securities?” But alas, no firm choice yet. The ETF shall be born as a Delaware trust, no doubt to confuse the legal eagles further. The NAV will dance to the beat of the CME CF Chainlink-Dollar Rate, a benchmark from the land of CF Benchmarks-just as mysterious and inscrutable as the gods themselves. 🤔

As of now, the final brushstroke-a Form 8-A-remains elusive, the last rite before the securities leap onto the market stage. When filed, it signals that the play is about to begin, and the players of Wall Street prepare for their applause-or the sound of disappointment echoing through the marble halls.

Spot XRP ETFs: The Robotic Army Gathers in the Shadows

Meanwhile, five other clandestine ventures-Franklin Templeton, Canary Capital, 21Shares, CoinShares, and Bitwise-have quietly nudged their XRP ETFs onto the DTCC’s radar. Like soldiers in the night, they await orders. Some say the US launch could be mere weeks away; others say it is just another game of bureaucratic chess. ⏳

Adding to the chaos, Grayscale has announced plans to convert its Chainlink Trust into a spot ETF-another piece on this sprawling chessboard of finance and fiction. Perhaps the stars are aligning or perhaps it’s just another day in the fiat nightmare.

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2025-11-12 18:23