Bitwise Asset Management has filed to launch an exchange-traded fund (ETF) that tracks the price of Chainlink (LINK), marking the first such filing in the US. The ETF, known as the Bitwise Chainlink ETF, has listed Coinbase Custody as its custodian. The fund aims to provide investors with the option to buy and sell shares using the LINK token, although specific details about the ticker symbol, exchange listing, and fees have not been disclosed. Following the filing, the price of LINK rose by 4.2%, reaching $24.18, while it has gained over 26% in the past month, recuperating from a peak of nearly $53 in May 2021. As the cryptocurrency sector sees increased interest in alternative coin ETFs, multiple issuers are now submitting filings to the SEC, reflecting a shift in regulatory attitude towards crypto under the current administration. Other firms, including VanEck and Grayscale, are also pursuing various ETF offerings in the changing landscape of digital asset investments.

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