While inclusion on the DTCC list doesn’t guarantee approval from the U.S. Securities and Exchange Commission (SEC), it has historically been a positive indicator that a fund is close to being greenlit. The DTCC acts as a vital post-trade infrastructure platform for financial markets, ensuring trades involving assets such as stocks and ETFs are processed and recorded securely.
Bitwise, one of the largest crypto asset managers in the U.S., has not yet filed its Form 8-A for the Chainlink ETF, one of the last documents required before securities can begin trading on an exchange. Filing the 8-A often signals that a product’s launch is imminent. The firm previously submitted a Form S-1 registration statement in August, outlining the ETF’s structure and investment objective.
The fund aims to directly track the price of LINK, the native token powering the decentralized oracle network that provides real-world data to blockchain smart contracts.
Grayscale Also Pursuing a Chainlink ETF
Bitwise isn’t alone in its push to bring Chainlink exposure to U.S. investors. Crypto investment giant Grayscale is also working on its own spot Chainlink ETF. However, analysts believe Grayscale’s proposal may face additional regulatory challenges, particularly because it seeks to integrate staking. This is a feature that could also complicate compliance under current SEC rules.
If approved, these ETFs would represent a significant step forward for the broader adoption of Chainlink, which plays a key role in connecting blockchain applications to real-world data and off-chain systems.
Government Shutdown Slows ETF Progress
Despite growing anticipation, the path to approval for new crypto ETFs has been delayed by the ongoing U.S. government shutdown, now in its 42nd day. Although the Senate recently passed a funding bill expected to reopen the government soon, the shutdown has limited the SEC’s capacity to review pending filings.
Currently, dozens of spot crypto ETFs — including those tracking Dogecoin, Solana, Avalanche, Aptos, and Hedera — are awaiting the regulator’s green light. Industry watchers remain optimistic, however, as the SEC’s new generic listing standards, introduced in mid-September, are designed to streamline the approval process for crypto investment products without requiring each to undergo a lengthy, case-by-case review.
With the government expected to resume full operations soon, many analysts believe a new wave of spot crypto funds, including Bitwise’s Chainlink ETF, could begin hitting the market in the coming weeks.
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Author: coinmaker