Bitwise Chainlink ETF Listed on DTCC Registry

Bitwise Asset Management's proposed exchange-traded fund tracking the Chainlink cryptocurrency has advanced toward a potential launch after appearing on the Depository Trust and Clearing Corporation's registry. The ETF, listed under the ticker CLNK in both active and pre-launch categories, signals preparations for clearing and settlement once regulators grant approval. This development occurred amid ongoing delays in the U.S. Securities and Exchange Commission's review process, though a recent Senate bill to end the government shutdown could accelerate pending applications.

The DTCC, a key Wall Street infrastructure provider, handles the post-trade processing of securities transactions, including ETFs, to ensure efficient and secure settlement. Bitwise, a prominent cryptocurrency asset manager, filed its initial Form S1 registration with the SEC in August, outlining plans for a spot ETF that would hold Chainlink's native LINK token. The fund aims to offer investors exposure to Chainlink's decentralized oracle network, which supplies real-time, tamper-proof data from external sources to smart contracts on blockchain platforms. This enables applications in decentralized finance,...