Bitwise has submitted a filing with the SEC to launch a Chainlink ETF that would directly hold LINK tokens, stating Coinbase as the custodian. This ETF will allow in-kind creation and redemption, meaning investors can exchange LINK tokens directly for shares, a mechanism that promotes liquidity and efficiency. The filing is notable as it does not include a ticker symbol yet and represents a step forward for the integration of cryptocurrency into traditional finance. Following the announcement, LINK faced a slight decrease in trading value to around $24.27. This filing adds to Bitwise's ongoing efforts, including their previous ETF applications for Solana, XRP, Dogecoin, and Aptos. The filing also illustrates a growing trend in the crypto market where ETFs are becoming increasingly central to investment strategies. As of now, this application highlights the continued interest and engagement of major players in the cryptocurrency domain.

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