Bitwise Submits Preliminary Registration for Chainlink ETF
Bitwise Asset Management has formally initiated the process to launch a spot-based Chainlink Exchange-Traded Fund (ETF) by submitting a preliminary S-1 registration statement to the US Securities and Exchange Commission.
The filing outlines the fund’s structure, which is designed to provide shares that reflect the performance of LINK’s market price.
Key service providers include Coinbase Custody Trust Company, proposed as custodian of the fund’s assets, and Coinbase, Inc., which would act as the prime execution agent for both cash and in-kind creation/redemption processes.
A critical detail within the filing is the explicit absence of a staking mechanism, positioning the product for direct spot price exposure in compliance with current regulatory considerations, rather than as a yield-bearing strategy.
