Bitwise Chainlink ETF Listed on DTCC, When Will It Launch?

**Bitwise’s Spot Chainlink ETF Appears on DTCC Registry — What Does It Mean for Approval?**

Bitwise’s spot Chainlink Exchange-Traded Fund (ETF) has recently made its appearance on the Depository Trust and Clearing Corporation (DTCC) registry, a pre-trade market infrastructure platform. While this is generally seen as a positive sign and may indicate that the fund is getting closer to its official launch, it’s important to remember that this is not a guarantee that the United States Securities and Exchange Commission (SEC) will approve the fund for trading.

**Bitwise Moves Closer to Chainlink ETF Approval**

On November 11, the Bitwise Chainlink ETF was listed on DTCC under the ticker CLNK. It was categorized under “active” and “pre-launch,” signaling progress towards bringing the product to market. Historically, listings on DTCC often suggest a fund’s launch is imminent, but regulatory approval from the SEC is still required before trading can begin.

Bitwise Asset Management initially submitted its S-1 registration for a spot Chainlink ETF that tracks LINK price back in August. The company stated that shares of the trust would be listed on a US national exchange, though the specific venue was not decided at the time. The ETF will be structured as a Delaware statutory trust, with its Net Asset Value (NAV) tied to the CME CF Chainlink-Dollar Reference Rate (New York Variant), a benchmark maintained by CF Benchmarks.

As of this writing, Bitwise has not yet filed a Form 8-A for its Chainlink product. This form is one of the final documents required before securities can be officially offered on an exchange. Once filed, the launch of the product is often imminent.

**Growing ETF Interest: Five Spot XRP ETFs Appear on DTCC**

Bitwise is not alone in its pursuit of a Chainlink ETF. Recently, five spot XRP ETFs from Franklin Templeton, Canary Capital, and 21RP have also appeared on DTCC. According to Coinspeaker, this development represents a key logistical milestone and could mean that a US launch is just weeks away.

Furthermore, top asset manager Grayscale has applied to convert its Chainlink Trust into a spot ETF. Grayscale’s filing, submitted to the SEC on September 8, marks another major step towards expanding Chainlink’s presence in regulated investment products.

**Conclusion**

The listing of Bitwise’s spot Chainlink ETF on DTCC is an encouraging sign that further progress is being made. However, investors should note that the SEC’s approval is still necessary before trading can begin. Both Bitwise and Grayscale’s filings demonstrate growing interest in Chainlink-based ETFs, alongside increased activity in other cryptocurrency-based funds.

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*Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information independently and consult with a professional before making any decisions based on this content.*
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