Bitwise files for first Chainlink ETF – should I buy LINK now?

INFBusiness
28.08.2025
News

Asset manager Bitwise filed an application with the U.S. Securities and Exchange Commission (SEC) on Tuesday to launch the first exchange-traded fund in the United States to exclusively track Chainlink (LINK).
According to the Form S-1 filed with the SEC, the fund will be listed under the name Bitwise Chainlink ETF. Coinbase Custody has been named as the custodian for the tokens.
A stock ticker, the trading platform, and the fee structure have not yet been disclosed.
In addition to the S-1 form, another document is required for approval: Form 19b-4, which initiates the actual approval process by the SEC. Only after its submission does the agency begin its time to decide on the product's approval.
Bitwise is one of the largest issuers of crypto ETFs in the US. According to Farside, the company currently manages approximately $2.26 billion in its Bitcoin products and $460 million in funds tracking Ether.
With Bitwise's Chainlink ETF, an application has now been submitted for the first time for a fund product that tracks the native token of an oracle platform.
In parallel with Bitwise's push, Tuttle Capital Management is also pushing ahead with the development of new fund products. The company filed several forms with the SEC in January 2025 to launch 2x leveraged exchange-traded funds on various cryptocurrencies, including Chainlink (LINK), Cardano (ADA), and Polkadot (DOT).
LINK has risen by 4.4 percent in the last 24 hours and is trading at $24. Read why all major AI language modules consider Chainlink undervalued here: All AIs agree: This is the underrated crypto star.
We have analyzed whether it makes sense to invest in LINK now: Chainlink: These drivers are fueling the LINK rally.

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