Bitwise Chainlink ETF files with SEC, targets in-kind creation

Bitwise Asset Management has submitted an SEC filing in August 2025 for the Bitwise Chainlink ETF, a U.S. crypto ETF designed to hold LINK directly. The Bitwise Chainlink ETF proposes in-kind creation and redemption, allowing investors to swap LINK for ETF shares without cash. Coinbase Custody would safeguard the underlying tokens, while a ticker symbol not specified suggests branding details are still pending. The goal is direct exposure to Chainlink through a familiar, regulated wrapper.

SEC filing momentum

The Bitwise Chainlink ETF arrives as U.S. regulators warm to token-backed products with clearer rules. The SEC filing outlines structures that mirror recent approvals while leaning into operational efficiency. If cleared, the Bitwise Chainlink ETF could expand access to LINK under a U.S. crypto ETF umbrella many advisors can use. For traders, this may streamline order flow and reduce frictions.

In-kind creation benefits

The Bitwise Chainlink ETF centers on in-kind creation and redemption, which can reduce slippage and taxes for market makers. Authorized participants can deliver LINK to create ETF shares and redeem shares back for LINK. That efficiency often drives tighter spreads and deeper liquidity. For investors, the Bitwise Chainlink ETF aims to provide direct exposure without managing wallets or exchange accounts.

Coinbase Custody safeguards

Security sits at the core of the Bitwise Chainlink ETF. Coinbase Custody will hold the LINK that backs the fund, using institutional-grade cold storage and auditing. This setup reduces counterparty risk for the Bitwise Chainlink ETF compared with self-custody. It also aligns with the compliance standards large institutions expect.

Ticker symbol not specified

While the Bitwise Chainlink ETF filing is detailed operationally, the ticker symbol not specified note signals branding is still in motion. Ticker selection often tracks marketing and liquidity goals. Even without a ticker, the Bitwise Chainlink ETF roadmap is clear: simple access to LINK via ETF shares.

Market reaction snapshot

Initial market reaction to the Bitwise Chainlink ETF news was muted, reflecting broader August 2025 risk sentiment. LINK saw modest intraday swings but no dramatic breakout. That suggests the Bitwise Chainlink ETF is viewed as a structural positive rather than a near-term catalyst. Adoption often builds as market makers model spreads and seed liquidity.

Chainlink Labs outlook

The Bitwise Chainlink ETF could spotlight Chainlink Labs’ expanding oracle network across DeFi and traditional finance. With oracles powering pricing, proof-of-reserve, and RWAs, demand for LINK can scale with usage. The Bitwise Chainlink ETF might channel that narrative to a wider base that prefers brokerage accounts over exchanges.

Bitwise Asset Management strategy

The Bitwise Chainlink ETF fits a broader playbook by Bitwise Asset Management to list token-specific funds. After exploring products tied to Solana, XRP, Dogecoin, and Aptos, the firm is methodically filling the stack. The Bitwise Chainlink ETF complements that lineup with an oracle-focused asset many institutions follow. If volumes build, it may accelerate category growth.

U.S. crypto ETF landscape

The Bitwise Chainlink ETF could help normalize diversified token exposure under the U.S. crypto ETF framework. Each approval tightens operational norms, from custody to creation baskets. For allocators, the Bitwise Chainlink ETF may become a portfolio building block alongside Bitcoin and Ethereum.