Chainlink ETF Listed on DTCC Ahead of SEC Approval
Bitwise’s Chainlink ETF (CLNK) has been listed on the Depository Trust & Clearing Corporation (DTCC), confirming readiness for clearing and settlement and marking a key milestone ahead of final SEC approval. The DTCC listing places the Chainlink ETF among a growing roster of spot crypto funds awaiting US trading, following recent approvals for Solana (SOL), Litecoin (LTC) and Hedera (HBAR) ETFs. Five spot XRP ETFs also appeared on the DTCC list, and Grayscale is moving to convert its XRP Trust into a spot ETF. Multiple asset managers, including Grayscale and Tuttle Capital, have filed Chainlink ETF proposals, underscoring rising institutional interest in the Chainlink oracle network. LINK price dipped 6.5% over 24 hours, mirroring Bitcoin’s (BTC) recent slump. Traders should watch SEC approval timelines and ETF launch dates, as new spot ETFs could boost market liquidity and influence LINK price trends.
Bullish
The DTCC listing of the Chainlink ETF ahead of SEC approval signals strong institutional momentum and a clear path to market launch. In the short term, SEC decisions and price volatility may cause fluctuations, as seen by the recent 6.5% dip in LINK. However, long-term prospects are positive: ETF approval typically drives new capital inflows and enhances liquidity, likely supporting LINK price gains once trading begins.