Posts on social media have been going viral, claiming the Securities and Exchange Commission has approved ProShare Trust, a popular company launching innovative products, for the Chainlink ($LINK) ETF’s public launch on April 29, 2025.
Due to such posts, people might end up deciding to invest in Link ETF and $LINK. However, upon fact-checking, it’s proven that the document shown in the post is from December 2023 and is of iShares Link ETF and not a ProShares Trust $LINK ETF.
There’s no official confirmation available from the SEC or ProShares of a $LINK ETF approval for April 29, 2025. Even the document is from December 2023, which is too old to tie it to this launch announcement without any updates.
While some believe it to be true, some have realized that the approval is fake news and might also be a part of a pump and dump scheme, which is very common in the world of digital assets.
It is advisable to verify ETF approvals through official websites like ProShares or via the SEC’s EDGAR database. For now, it’s concluded that no $LINK ETF has been approved. If you come across such false claims, it’s advisable to report them to prevent misinformation.
While the data shown in the post has proven to be false, there are indications of ongoing developments and filings related to the $LINK ETF. As per the reports, Tuttle Capital seeks SEC approval for Chainlink.
Also read: Chainlink Integrates with Kamino Finance: What It Means?
