The Depository Trust and Clearing Corporation (DTCC), which manages post-trade services in the U.S., has listed the proposed Bitwise spot Chainlink ETF under its "active and pre-launch" category with the ticker $CLNK.
While a DTCC listing doesn't guarantee SEC approval, it is widely viewed as a positive preparatory step for a potential launch.
Key Details:
- Pioneering Filing: Bitwise was the first to file an S-1 statement for a Chainlink ETF in August, followed by a proposal from Grayscale the next month.
- Staking Difference: Notably, the Bitwise proposal does not include a plan to stake the underlying LINK tokens, whereas the Grayscale fund may stake a portion of its LINK assets.
- Chainlink's Role: Chainlink is a decentralized oracle network vital for connecting blockchain smart contracts with secure, real-world data (like asset prices). The LINK token is used to compensate and secure the network's data providers.
Despite the positive regulatory signal, the price of the LINK token is currently down by 6.55%, trading at $15.36.
November 2025, Cryptoniteuae