Spot Chainlink ETF CLNK Listed on DTCC Ahead of SEC Nod
Bitwise Asset Management has registered its proposed Spot Chainlink ETF (ticker CLNK) on the DTCC registry’s active and pre-launch lists. This registration marks a crucial logistical step toward launch, though final SEC approval remains pending. The ETF, structured as a Delaware statutory trust, will track the CME CF Chainlink–Dollar Reference Rate and follows an initial S-1 filing in August. A Form 8-A submission is still required before exchange trading can begin. Meanwhile, multiple issuers including Grayscale and Franklin Templeton have also filed applications for spot Chainlink and XRP ETFs, highlighting a broader push for altcoin spot ETFs in the U.S. market. Traders should watch for the SEC’s final nod, the ETF’s listing on exchanges like Cboe BZX, authorized participant participation, and initial inflows. A successful Spot Chainlink ETF launch could boost institutional demand for LINK, driving increased liquidity and potential short-term price gains.
Bullish
The DTCC listing of the Spot Chainlink ETF and the pending SEC approval indicate growing institutional interest and confidence in LINK exposure through regulated products. The ETF’s structure, referencing the CME CF Chainlink–Dollar rate, ensures transparent pricing and appeals to large investors. Historical patterns show that such pre-launch registrations often precede meaningful capital inflows, improving liquidity and creating upward price pressure. The entry of multiple issuers into the spot Chainlink and XRP ETF space further validates market demand and competitive dynamics, supporting both short-term rallies and longer-term adoption potential for LINK.