The Bitwise Chainlink ETF, under the ticker CLNK, has been listed on the Depository Trust & Clearing Corporation (DTCC) website, signaling a step forward in its potential launch. This procedural move indicates that the fund is technically ready for trading once it secures the necessary regulatory clearances. However, the listing doesn't equate to approval from the Securities and Exchange Commission (SEC) or any other regulatory body, but it is a standard step in the ETF launch process.
The DTCC plays a crucial role in the clearing and settlement of securities in the U.S. Its involvement ensures the Bitwise Chainlink ETF can efficiently navigate technical systems upon receiving all required approvals. According to Wu Blockchain, this listing is a typical part of preparing new ETFs for clearing and settlement. While not a guarantee of imminent trading, it suggests operational readiness.
Bitwise, a prominent crypto asset manager, initially filed for the Chainlink ETF in August 2025. The ETF aims to provide investors with exposure to the LINK token through a regulated exchange-traded fund, eliminating the need to directly purchase and manage the cryptocurrency. The fund intends to hold actual LINK tokens and track prices using the CME CF Chainlink-Dollar Reference Rate, ensuring transparency. Coinbase Custody Trust is slated to manage the tokens in cold storage with insurance protection.
The introduction of a Chainlink ETF aligns with the increasing institutional interest in blockchain technology and decentralized oracle networks. Chainlink's technology enables smart contracts to interact with real-world data, making it a fundamental component of various blockchain applications, including decentralized finance (DeFi) protocols, insurance smart contracts, and NFT platforms.
The potential benefits of a Chainlink ETF include easier access for traditional investors, enhanced liquidity for Chainlink tokens, and mainstream validation of blockchain technology. It also represents a broader trend toward cryptocurrency integration with traditional finance, similar to the Bitcoin ETFs that launched earlier in the year.
Despite the positive news, the price of LINK experienced a decline following the DTCC listing. This was attributed to traders cashing out after initial hype, a lack of immediate SEC approval, and weak technicals. CoinGecko data indicates LINK is trading around $15.38, recovering from intraday lows.
Grayscale Investments also has its own plans for a Chainlink ETF. In September 2025, Grayscale filed with the SEC to convert its Chainlink Trust into an ETF, which would trade on NYSE Arca under the ticker GLNK. This ETF may also explore staking some of the held tokens, using third-party providers for custody.
The SEC has up to 240 days to consider the Bitwise application, suggesting a potential decision by mid-2026. While the launch date remains uncertain, the DTCC listing reinforces Chainlink's growing presence among major market participants and its role in bridging decentralized data infrastructure with regulated financial frameworks.
