Bitwise Asset Management has taken a bold step towards expanding crypto investment options with the filing of an application for a Chainlink ETF. This move, which received approval on August 26th, 2025, signals the potential for more altcoin-focused ETFs in the future. The ETF, backed by Coinbase Custody as a custodian, has triggered a 5% surge in LINK price, demonstrating investor anticipation for the broader adoption of these assets. This filing marks a significant development for crypto ETFs beyond Bitcoin and Ethereum. If approved, the first Chainlink ETF from Bitwise could inspire similar applications for other altcoins, marking a new era in investment possibilities.