Bitwise Chainlink ETF Moves Closer to Launch with DTCC Listing
- The Bitwise Chainlink ETF has been added to the Depository Trust and Clearing Corporation (DTCC) registry under the ticker CLNK.
- This listing is categorized as “active” and “pre-launch,” indicating progress toward potential approval.
- Bitwise filed a Form S-1 statement with the SEC in August to register the ETF, which aims to track the price of Chainlink (LINK).
- The ongoing US government shutdown has delayed many spot crypto ETFs awaiting SEC approval, now in its 42nd day.
- New SEC listing standards introduced on September 17 may increase the likelihood of more crypto ETFs being approved without individual reviews.
The Bitwise Chainlink ETF’s recent addition to the DTCC registry signals a step forward in its launch process, although it still requires further documentation before trading can begin. Meanwhile, regulatory challenges persist for other crypto ETFs amid the current government shutdown.
With Bitwise’s ETF seeking to track Chainlink, its progress reflects growing interest in cryptocurrency investment products despite regulatory hurdles affecting multiple offerings.(Source)
