Bitwise Don File Spot Chainlink ETF, Dem Don Update XRP ETF Submission
Bitwise Asset Management don submit S-1 registration with SEC to launch spot Chainlink ETF wey hold LINK tokens direct. The proposed Chainlink ETF go use Coinbase Custody Trust Company as custodian and e go support in-kind creation and redemption using LINK or cash. Since the filing, LINK price don jump over 5% reach above $23, traders dey eye potential breakout to $30. At the same time, Bitwise amend im XRP ETF S-1 after SEC feedback, e dey target October for key approval catalysts. If the XRP ETF follow Ethereum path, trading fit begin two months after approval; if e imitate Bitcoin ETF rollouts, trading fit start within one to five days. XRP dey trade near $3.22 after e peak for $3.60. These spot Chainlink ETF filings na the first US fund wey go directly track Chainlink and e show say institutional interest in altcoin ETFs dey grow.
Bullish
Di S-1 filing for spot Chainlink ETF plus di amended XRP ETF submission na show beta signs for LINK and XRP. For short term, ETF tori don already carry LINK price up pass 5% and fit cause breakout to key resistance at $30. For XRP, regulatory progress and clear approval timeline dey boost trader confidence, fit make price near recent highs. For long term, if dem approve these ETFs, e go open way for institutional money, tight supply wey dey circulate, and better liquidity, wey go support better upward momentum for both tokens.