New listing signals growing institutional momentum for Chainlink as ETF approval looms
Chainlink ETF Listing Sparks Market Excitement
The Bitwise Chainlink ETF has officially appeared on the Depository Trust and Clearing Corporation (DTCC) registry, marking a major step toward its potential launch. Listed under the ticker CLNK, the fund is now categorized as “active” and “pre-launch,” a stage that often precedes official approval by the U.S. Securities and Exchange Commission (SEC).
While DTCC listings don’t guarantee regulatory clearance, historical trends show that products reaching this phase often proceed to market shortly afterward. The DTCC acts as a critical infrastructure platform that clears, settles, and records transactions, ensuring efficient and secure processing for equities and exchange-traded funds.
Regulatory Pathway and Market Implications
According to filings, Bitwise submitted its Form S-1 in August to register the ETF, which aims to track the price of Chainlink (LINK) — the native token powering Chainlink’s decentralized oracle network. However, the firm has not yet filed a Form 8-A, one of the final documents required before a security begins trading on an exchange.
“The DTCC listing is a strong indicator of readiness,” said a digital asset market analyst. “It reflects internal preparation and confidence that SEC approval is within reach.”
The move places Bitwise ahead of competitors like Grayscale, which is also pursuing a spot Chainlink ETF but faces additional scrutiny due to its inclusion of staking mechanisms — a feature still viewed cautiously by regulators.
Broader Crypto ETF Outlook
The broader ETF market remains on hold as the U.S. government shutdown, now extending beyond 40 days, slows SEC operations. Despite this, optimism remains high following the SEC’s introduction of new listing standards in mid-September, designed to streamline approvals for crypto-based products.
Analysts expect that these new standards could lead to a wave of approvals, allowing funds tied to leading altcoins — including Solana, Avalanche, and Hedera — to reach institutional investors.
As the first Chainlink-focused ETF edges closer to reality, it underscores the expanding institutional interest in blockchain infrastructure tokens and the growing integration of decentralized oracle technology into mainstream finance.
The appearance of the Bitwise Chainlink ETF on the DTCC list signals not just a potential product launch, but a broader shift toward recognizing Chainlink’s role in connecting real-world data with on-chain ecosystems.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.