Chainlink ETF Filing: Is Mainstream Adoption On the Horizon?

Bitwise has officially submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to launch the first U.S.-based spot Chainlink exchange-traded fund (ETF). This marks a significant step towards increased institutional adoption of the cryptocurrency, as it allows investors to gain exposure to the token without needing to hold LINK directly. 🤔 The ETF will invest in LINK via Coinbase Custody Trust Company and utilize an undisclosed exchange for trading.