**Bitwise Chainlink ETF Gains DTCC Eligibility as LINK Price Holds Above $15**
The Bitwise Chainlink ETF (ticker: CLNK) has been added to the Depository Trust & Clearing Corporation (DTCC) eligibility list, marking an important procedural milestone in the fund’s preparation for potential market settlement.
### What Does DTCC Eligibility Mean?
According to data shared by Wu Blockchain, inclusion on the DTCC list is a standard step in the clearing and settlement process for new ETFs. This designation allows the Bitwise Chainlink ETF to integrate with technical systems once all necessary regulatory approvals are secured.
It’s important to note that DTCC eligibility does **not** indicate approval from the Securities and Exchange Commission (SEC) nor does it signal an imminent trading start. Rather, it reflects readiness for operational setup, a key part of launching an ETF in the U.S. market.
### Significance for Chainlink and Institutional Investors
This procedural update has drawn attention from traders monitoring institutional engagement within Chainlink’s expanding ecosystem. Bitwise’s ETF proposal aims to bridge decentralized data infrastructure with regulated financial frameworks, aligning with broader industry efforts to introduce blockchain-linked products backed by institutional capital.
Though no official launch date has been announced, the ETF’s progress reinforces Chainlink’s growing visibility among large market participants and sparks renewed discussions on its role in traditional finance.
### LINK Price Update: Rebound and Resistance Levels
CoinGecko data indicates LINK is trading near $15.38, recovering from intraday lows around $15.23. Despite a 7.5% decline over the past 24 hours, the token remains approximately 7.25% higher on the week, reflecting a volatile but positive rebound period.
The daily price range between $15.23 and $16.70 signals sustained volatility amid shifting market sentiment. Earlier in November, LINK dropped to 2025 lows near $14 following a Bitcoin-led market correction. Since then, increased on-chain activity and growing institutional inflows have supported its bounce toward the key $16-$17 resistance zone.
### Market Outlook and Trader Sentiment
Market observers note that traders appear to be accumulating LINK positions ahead of potential catalysts linked to heightened institutional interest. Wu Blockchain reported that the ETF’s DTCC listing has fueled speculation about deeper institutional integration, although no regulatory decisions have yet been confirmed.
Trading volumes remain elevated, indicating robust participation from both retail and institutional desks. The $15 support level now stands as a critical short-term threshold to maintain the bullish structure. As the market consolidates gains, buyers continue to defend intraday lows while resistance near $17 persists.
Traders are closely watching for a breakout above this resistance, which could signal renewed upward momentum for LINK in the near term.
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*The developments surrounding the Bitwise Chainlink ETF and LINK’s price actions underscore growing institutional interest and the evolving integration of blockchain technology within traditional financial markets.*
*Stay tuned for more updates as this story progresses.*
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*Original article source: Blockonomi*
https://bitcoinethereumnews.com/tech/bitwise-chainlink-etf-gains-dtcc-eligibility-as-link-price-holds-above-15/