Chainlink Soars 5% After Bitwise Spot ETF Filing

Cryptocurrency price tracking platform Chainlink (LINK) saw a surge of 5% following news that asset manager Bitwise submitted a spot exchange-traded fund (ETF) filing with the U.S. Securities and Exchange Commission (SEC). This move is expected to bolster institutional demand for LINK as it seeks to provide greater access for pension funds, hedge funds, and other investors through traditional investment vehicles.