The anticipated launch of the Bitwise Chainlink ETF is drawing near, with key market data signaling increasing trader interest. The ETF’s listing on DTCC, a crucial step towards formal approval from the SEC, suggests a possible imminent launch. LINK price has remained relatively steady in recent weeks but its trading activity has shown an uptick, indicating a surge in trader participation. 0f particular note is the recovery of open interest to $667 million, suggesting potential for market breakout. Technical indicators show a slight bullish bias but no confirmed breakout yet. However, historical trends suggest a major price move could occur if LINK breaks out of its long-term range between $13 and $26. While the ETF is moving towards approval, regulatory delays due to the ongoing U.S. government shutdown have stalled progress for several crypto ETFs. This has led to uncertainty in the market as investors await clearer regulatory guidelines.