Bitwise Submits Proposal for Chainlink-Backed ETF

Bitwise Asset Management has taken a significant step in the cryptocurrency ETF market by submitting a preliminary proposal to the U.S. Securities and Exchange Commission (SEC) for an Exchange-Traded Fund (ETF) based on the altcoin Chainlink (LINK). This new ETF aims to reflect the LINK token’s spot price, offering investors a regulated way to participate in the growing crypto sector.