Bitwise Asset Management has filed an S-1 registration statement with the SEC to launch what could be the first spot Chainlink (LINK) ETF in the U.S. This new filing, dated August 26, 2025, seeks to provide investors with exposure to LINK through a regulated financial product, eliminating the need for direct cryptocurrency custody.
The proposed ETF would track the CME CF Chainlink–Dollar Reference Rate to ensure a reliable, benchmark-backed price. Coinbase Custody Trust Company is slated to serve as the custodian for the fund, a role it has increasingly taken on for other crypto-backed products.
This filing follows the 2024 approval of Bitcoin and Ethereum ETFs and highlights a growing trend among asset managers to expand their offerings beyond the two largest cryptocurrencies. Bitwise has already made similar filings for Solana and NEAR Protocol, indicating a broader strategy to tap into investor demand for altcoin exposure through traditional financial instruments.
With Chainlink’s status as a leading oracle network for decentralized finance (DeFi), this move positions LINK as a prime candidate to follow in the footsteps of Bitcoin and Ethereum and enter the mainstream ETF market.
August 2025, Cryptoniteuae
