Bitwise Advances Chainlink ETF Bid with SEC Filing Amid Surging Link Price

Bitwise Asset Management has submitted an updated prospectus to the Securities and Exchange Commission for its proposed Chainlink exchange-traded fund. The filing, which is a key step in bringing the product to market, comes as the price of LINK surged over 20%.

The SEC received the 424B3 prospectus and post-effective amendment from Bitwise on .... This update is significant because it shows that Bitwise is actively maintaining and refining its application rather than letting it sit dormant. The filing record suggests that the fund's registration is in a late-stage or active phase, not an initial submission.

The Chainlink ETF would give traditional brokerage account holders direct access to LINK, the token that powers the Chainlink oracle network. Bitwise has been actively filing for crypto ETFs and has already secured listings for Bitcoin and Ethereum products. The firm's track record with single-asset crypto products is impressive, with its Solana staking ETF becoming the first in its category to reach $1 billion in assets under management.

Chainlink occupies a distinct position in the on-chain infrastructure stack as the dominant oracle network connecting smart contracts to real-world data feeds. A regulated ETF wrapper around LINK would give institutions indirect exposure to the decentralized data layer underpinning a wide range of DeFi protocols.