Bitwise Files with SEC for First Chainlink ETF in the U.S.

Bitwise Asset Management filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) on Tuesday to launch an exchange-traded fund (ETF) based on Chainlink (LINK). According to the filing, the product will be called the Bitwise Chainlink ETF, with Coinbase Custody designated as the custodian of the assets.

The ETF is designed to hold and track the price of Chainlink’s native token and will allow in-kind creation and redemption, enabling investors to trade directly using LINK tokens.

Bitwise has not yet disclosed the fund’s ticker symbol, the exchange on which it will be listed, or the applicable management fees.

This is the first official filing for an ETF tracking Chainlink in the United States. To secure approval, Bitwise must also submit a 19b-4 form, which initiates the SEC’s review process.

Bitwise is among the most active issuers of crypto investment products, having already launched ETFs offering exposure to Bitcoin and Ethereum.