Bitwise Seeks SEC Approval for First Chainlink ETF

Bitwise Asset Management has filed a proposal with the SEC for the first U.S. spot Chainlink ETF, aiming to offer direct exposure to LINK tokens without engaging in staking or leverage. This move signifies a major advancement for Chainlink, a leading oracle network within DeFi. The Bitwise Chainlink ETF would be structured as a Delaware statutory trust, providing investors with shares that mirror the value of LINK tokens.