Chainlink ETF Gains DTCC Listing as LINK Eyes Breakout
Bitwise’s proposed Chainlink ETF has secured a DTCC eligibility listing, marking a key operational step ahead of SEC approval and exchange launch. The listing alone does not grant trading but signals readiness for back-office clearing. Market watchers now await an effective SEC registration and exchange notice to confirm a launch timeline. Meanwhile, LINK price trades in a tight $13–$26 weekly range, forming a symmetrical triangle. Analysts note that a weekly close above $26 or below $13, supported by rising volume, would confirm a breakout or breakdown. On LINK/BTC, support at 0.0000137 BTC and resistance at 0.0000439 BTC define the range. Trader Michaël van de Poppe highlights this zone as ideal for accumulation ahead of a potential DeFi rally in 2026. The convergence of Chainlink ETF progress and technical setups keeps LINK on traders’ radars.
Bullish
The listing of Bitwise’s Chainlink ETF on the DTCC eligibility list is a bullish signal, reflecting increasing institutional readiness for LINK exposure. Historically, DTCC listings of crypto ETFs preceded SEC approvals and led to positive price momentum—as seen with bitcoin ETF developments earlier in the year. LINK’s technical structure within the $13–$26 range shows contracting volatility ahead of a decisive move. A confirmed close above $26, backed by volume, would likely trigger trend-following buying. The accumulation zone on LINK/BTC further indicates growing investor interest ahead of a potential DeFi cycle resurgence in 2026. In the short term, traders may position for a breakout, boosting volatility and volume. Longer term, SEC approval and heightened institutional demand could sustain upward pressure on LINK prices.