Bitwise Plans to Launch Chainlink-Linked ETF
Date: 2025-08-27 Author: Gabriel Deangelo Categories: BUSINESS
The American company Bitwise has filed an application to register an exchange-traded fund, the value of which will be directly linked to the price of the Chainlink token (LINK). According to the documents, the ETF will be based on the CME CF Chainlink-Dollar index, which reflects the market value of the asset on the spot market. If approved by the regulator, the fund will begin trading on one of the American exchanges. So far, neither the name of the product nor its ticker have been disclosed.
The new fund will be managed by Bitwise Investment Advisers, a subsidiary of Bitwise Asset Management. It is the parent company that will provide the seed capital for the launch of the instrument. The digital assets underlying the ETF will be stored in the Coinbase Custody service, which should ensure the reliability and security of storage. Each share of the fund will confirm the right of ownership to a certain number of LINK, which are under trust management.
The application pays special attention to the order of circulation of shares. They will be issued and redeemed in baskets of 10,000 shares through specially appointed market participants. At the same time, the documents do not mention LINK staking, although the Chainlink network operates on the Proof-of-Stake algorithm. Using this opportunity could bring additional income to investors, but Bitwise decided not to include this mechanism in the description of the fund.
Bitwise's initiative fits into a broader trend of new cryptocurrency ETFs. Thus, in August, Grayscale announced its intention to launch a fund tied to Dogecoin (DOGE). If the US Securities and Exchange Commission (SEC) approves the project, the fund's shares will be traded on NYSE Arca under the ticker GDOG. At the same time, the regulator itself recently postponed the deadline for reviewing applications for three other cryptocurrency ETFs to October, which indicates a high workload and a cautious approach to approving such instruments.
Thus, the launch of a Chainlink-based fund could be another step towards expanding the presence of crypto assets in the traditional financial sector. Investors will be able to invest in LINK through a regulated exchange structure, without directly facing the risks of storage and technical features of cryptocurrencies.
The volume and speed of the emergence of new products in this area will largely depend on the position of the SEC, which currently plays a key role in shaping the rules for the digital asset market in the United States.
