blockworks.co
This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication.
Bitwise Asset Management filed an S-1 registration statement with the US Securities and Exchange Commission on Aug. 26, 2025, seeking approval to launch the first US spot Chainlink (LINK) exchange-traded fund.
The fund is designed to track the CME CF Chainlink–Dollar Reference Rate, a benchmark price for LINK, and would give investors regulated access to the token without requiring direct custody.
Coinbase Custody Trust Company is named as the proposed custodian for the ETF, according to the SEC filing.
The filing comes as asset managers expand beyond Bitcoin and Ethereum ETFs, which won approval in 2024 following years of legal disputes and regulatory hesitation. Bitwise has previously submitted applications for funds tied to Solana, NEAR Protocol, and other tokens, reflecting a broader push to bring alternative crypto assets into the ETF market.
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