Chainlink ETF Filing Sparks Hope for LINK Price Recovery

Bitwise Asset Management has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), aiming to launch a Chainlink-focused exchange-traded fund (ETF). This move is seen as a significant step towards bringing regulated exposure to the decentralized oracle network’s native token, LINK. Analysts anticipate the ETF’s approval could lead to a long-term price surge for LINK, with forecasts reaching $100.