X @BSCN

Regulatory Filing - Bitwise has filed an S-1 with the SEC for a Chainlink ETF, aiming to provide regulated exposure to $LINK [1] - The proposed ETF will directly hold LINK and track the CME CF Chainlink-Dollar Reference Rate [1] - The ETF shares are expected to be listed on a U_S_ national exchange, venue undisclosed [2] - Standard creation and redemption processes are detailed, allowing both in-kind and cash transactions [3] Fund Structure and Custody - Coinbase Custody Trust Company is proposed as the custodian, with Coinbase, Inc_ as the prime execution agent [1] - The ETF will not include staking LINK, focusing solely on spot market price exposure [2] Strategic Rationale - The ETF filing aligns with Bitwise's strategy to diversify single-token crypto products beyond Bitcoin and Ethereum [3] - Bitwise views Chainlink as a key player in the tokenization narrative and blockchain infrastructure [4] - Approval of the Bitwise Chainlink ETF would mark a significant expansion of Wall Street into the digital asset sector, focusing on oracle network tokens [4]