Bitwise files for first U.S. Chainlink ETF amid rising altcoin ETF demand
Bitwise Asset Management has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch the Bitwise Chainlink ETF, the first U.S.-based exchange-traded fund tracking the native token of the Chainlink (LINK) oracle platform.
The filing, submitted on Tuesday, names Coinbase Custody as the fund’s custodian, ensuring secure storage of LINK holdings, reports Cointelegraph.
The ETF aims to offer in-kind creation and redemption, allowing investors to buy and sell shares directly using LINK tokens instead of cash. While the filing did not disclose the ticker symbol, listing exchange, or management fees, it marks a significant milestone as the first U.S. filing focused exclusively on Chainlink exposure.
LINK price rallies on ETF news
Following the announcement, Chainlink’s price surged 4.2% over the past 24 hours to $24.18, according to CoinGecko data. Over the last 30 days, LINK has gained over 26%, fueled by growing institutional interest and optimism surrounding ETF adoption. Despite the rally, LINK remains far below its all-time high of nearly $53 set in May 2021, suggesting significant upside potential if regulatory approval is secured.
The filing also comes amid a broader market rebound, where altcoins have outperformed Bitcoin, signaling a renewed investor appetite for diverse crypto exposure through regulated investment products.
Rising competition among altcoin ETFs
Bitwise’s filing arrives during a wave of altcoin-focused ETF proposals amid a more crypto-friendly regulatory climate under the Trump administration. Alongside Bitwise’s success with its Bitcoin ($2.26B AUM) and Ethereum ($460M AUM) ETFs, other issuers are expanding aggressively.
Over the weekend, VanEck filed for the first-ever JitoSOL staking ETF, while Grayscale applied to convert its Avalanche (AVAX) trust into an ETF. Meanwhile, Canary Capital has filed two notable ETFs, including one tied to Official Trump (TRUMP) and another, the American-Made Crypto ETF (MRCA), focusing on U.S.-based digital assets. If approved, Bitwise’s Chainlink ETF could accelerate institutional adoption and deepen liquidity across the altcoin market.
Recently we wrote that spot Ethereum ETFs in the U.S. attracted $443.9 million in net inflows on Monday, marking their third straight day of positive flows and outperforming Bitcoin ETFs by more than 2x.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
