Bitwise Asset Management has filed with the US Securities and Exchange Commission (SEC) for approval to launch an exchange-traded fund (ETF) tied directly to Chainlink’s LINK token.
If approved, it would be the first US ETF focused on the decentralized oracle network that connects blockchains with external data.
The preliminary prospectus, submitted on Tuesday, shows the Bitwise Chainlink ETF would use Coinbase Custody Trust Company as its custodian. The fund is designed to track the CME CF Chainlink Dollar Reference Rate, giving investors regulated exposure to LINK without needing to purchase or store the token directly.
Chainlink’s expanding role in crypto markets
Chainlink started in 2019 and has become an important part of how blockchains work. Its oracles supply smart contracts with real information, from market prices to even basic data like weather.
The protocol now supports thousands of projects across decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and cross-chain applications. Over time, its services have expanded to include verifiable randomness for gaming, automation tools for contracts, and systems to transfer assets across blockchains.
LINK, the token that powers the network, is currently the 11th largest cryptocurrency by market value. According to data from CoinMarketCap, it has been trading close to $23 in recent sessions.
Bitwise, based in San Francisco, has been building a roster of single-token products and is also awaiting decisions on proposed ETFs linked to Ripple’s XRP, Solana’s SOL, Dogecoin’s DOGE, and Aptos’s APT. The new filing follows the SEC’s approval of spot Bitcoin and Ethereum ETFs earlier this year, a landmark that opened the door for broader institutional participation.
If granted approval, the Bitwise Chainlink ETF would give traditional investors easier access to one of the most widely used tokens in blockchain infrastructure, extending Wall Street’s exposure beyond Bitcoin and Ethereum.
Also Read: SEC Delays WisdomTree XRP ETF Decision to October 2025
