Haciyev Reşit 
Crypto investment fund Bitwise has taken the first step toward a Chainlink ($LINK) ETF by submitting an S-1 registration filing to the U.S. Securities and Exchange Commission (SEC). This move aims to increase institutional investors’ access to Chainlink and initiate the ETF process.
Bitwise’s Plan
Bitwise aims to create an Exchange-Traded Fund (ETF) based on Chainlink (LINK) through its filing. Through this ETF, investors can gain exposure to Chainlink without directly holding the token. This strategy could allow a wider audience, including institutional and retail investors, to safely access crypto.
Importance of ETF Filings in the Crypto Market
Crypto ETFs enable investors to invest in cryptocurrencies via a regulated investment vehicle instead of directly holding spot tokens or futures contracts. Bitwise’s $LINK ETF filing demonstrates increasing institutional interest in Chainlink and shows how ETF products can enhance crypto adoption.
Chainlink and Bitwise
Chainlink (LINK) stands out as a decentralized oracle network for smart contracts. Bitwise’s ETF filing could pave the way for LINK to be included in institutional investment vehicles and contribute to greater ETF diversity in the crypto market.