Bitwise Asset Management has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission seeking approval for the Bitwise Chainlink ETF, a spot fund that would hold Chainlink’s LINK token directly. The filing, dated 26 Aug 2025, aims to list the shares on a national securities exchange; a ticker symbol has not yet been disclosed. According to the prospectus, the trust will be passively managed, with its shares designed to reflect the daily value of LINK as measured by the CME CF Chainlink–Dollar Reference Rate (New York Variant), less fees and expenses. Coinbase Custody Trust Company is slated to safeguard the underlying tokens. If cleared by regulators, the product would be the first U.S. exchange-traded fund offering direct exposure to Chainlink, expanding the market beyond recently approved spot Bitcoin and Ether funds. Bitwise said the vehicle is intended to meet growing institutional demand for regulated access to digital assets that underpin decentralized finance infrastructure. Chainlink operates one of the most widely used decentralized oracle networks, furnishing off-chain data to smart contracts on Ethereum and other blockchains and counting traditional-finance partners such as Swift, Visa, Mastercard and JPMorgan. SEC review of the application could take several months, and the agency has not indicated a timeline for a decision.