Bitwise Asset Management’s filing for a U.S. spot Chainlink ETF has sparked excitement in the crypto market, leading to a 5% jump in Chainlink (LINK) price as investors anticipate easier institutional access to this decentralized oracle token. This filing opens the door for direct exposure to LINK via regulated vehicles like Coinbase Custody, enabling institutional investors to readily engage with the platform. Analysts see this move as significant, potentially unlocking increased liquidity and influencing price trajectory for Chainlink. The filing’s implications are multifaceted, impacting on-chain adoption, market sentiment, and long-term value proposition for Chainlink.