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Bitwise Asset Management has officially filed with the SEC to launch a spot Chainlink ETF, aiming to provide U.S. investors with direct exposure to the LINK token. The proposed Bitwise Chainlink ETF would issue shares backed by Chainlink held in custody, with Coinbase Custody Trust Company named as the fund’s custodian. Pricing would be based on the CME CF Chainlink–Dollar Reference Rate, published daily by CF Benchmarks.
Chainlink, the 11th-largest cryptocurrency by market cap, powers one of the most widely used decentralized oracle networks. It supplies real-world data to blockchain smart contracts and has built partnerships with major institutions like Visa, Mastercard, Swift, and JPMorgan. This institutional interest has fueled growing demand for investment vehicles that simplify access to LINK.
If approved, the ETF would expand the U.S. crypto ETF market beyond Bitcoin and Ethereum products, marking a major step toward integrating decentralized infrastructure into regulated financial markets. Bitwise said the ETF will be passively managed, designed to mirror Chainlink’s market performance without active trading strategies.
