Bitwise Asset Management has filed an S-1 registration statement with the US Securities and Exchange Commission on August 26, 2025, to launch the first US spot Chainlink (LINK) exchange-traded fund (ETF). This fund aims to track the CME CF Chainlink–Dollar Reference Rate, allowing investors to gain regulated exposure to the LINK token without needing direct custody. Coinbase Custody Trust Company is set to serve as the custodian for this ETF. The filing reflects a trend among asset managers to diversify beyond Bitcoin and Ethereum ETFs, which gained approval in 2024 after extensive legal battles. Bitwise previously sought to introduce funds linked to other cryptocurrencies like Solana and NEAR Protocol, illustrating the growing interest in alternative crypto assets. Currently, Bitcoin ETFs hold approximately $77.9 billion, Ethereum ETFs about $23.2 billion, while Solana ETFs have reached only $162 million. This growth in crypto products is prompting managers to explore opportunities with tokens such as Chainlink.

Source 🔗