Bitwise submits SEC filing for first U.S. Chainlink spot ETF, leveraging Coinbase Custody.
- Bitwise files for first U.S. Chainlink spot ETF.
- Potential LINK price and market flow impacts.
- SEC review process under new crypto framework.
Bitwise Asset Management has filed with the U.S. SEC on August 26, 2025, to launch the first-ever spot Chainlink (LINK) ETF, using Coinbase Custody.
The filing signifies potential institutional interest, impacting LINK’s price positively, and suggests evolving market dynamics towards altcoin ETFs, resembling past Bitcoin and Ethereum ETF trends.
Bitwise Asset Management filed an S-1 with the SEC on August 26, 2025, to introduce the first-ever spot Chainlink ETF in the U.S.
This move targets access to regulated LINK holdings, potentially impacting pricing and institutional interest.
Bitwise Seeks SEC Approval for Chainlink ETF
Bitwise Asset Management aims to launch a Chainlink spot ETF, marking a U.S. first. The August 26 filing seeks SEC approval, proposing Coinbase Custody Trust as fund custodian.
Hunter Horsley, CEO, has not publicly commented, and official communications from Bitwise or Coinbase Custody remain unstated. The filing itself confirms the details with the SEC, accessible here.
LINK Price Surges 2.3-5% After Filing Announcement
The announcement prompted a 2.3-5% LINK price surge. Institutional investors are likely to show increased interest, similar to prior crypto ETFs.
The SEC’s ongoing review under Project Crypto will consider effective token custodianship and market stability. The filing’s approval status remains speculative. The sentiment among analysts is still developing, as evidenced by ongoing discussions like the one visible here.
Past Crypto ETFs Lead to Massive Institutional Inflows
Previous crypto ETFs, like Bitcoin and Ethereum, showed tremendous institutional inflows following approval. Bitcoin’s ETF attracted $77.9B cumulatively, highlighting strong demand when enhanced by secure, regulated channels.
Expected outcomes include widened adoption and on-chain activity elevation. Any onboarding of large institutions may further cement Chainlink’s position in DeFi landscapes. As SEC Commissioner Hester Peirce once stated, “We must encourage innovation in the crypto space while ensuring investor protection.” In this evolving market, sentiments continue to develop as evidenced by industry discussions:
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
