Bitwise Asset Management has filed for the first-ever spot Chainlink ETF, underscoring a growing institutional interest in altcoins.
ETF Application Details
On August 26, 2025, Bitwise Asset Management filed for the first spot Chainlink (LINK) ETF with the SEC, which may enhance institutional interest in altcoins. The application was submitted via a preliminary S-1 registration to provide regulated exposure to Chainlink.
Market Reaction
Following the filing, Chainlink's price experienced a 2–5% increase, surpassing $23.00. Market participants are observing this momentum, considering its implications for LINK's positioning in the institutional finance market.
On-Chain Data Analysis
Currently, there are no abnormal LINK token movements or staking flows according to available on-chain data. The ETF's approval could amplify trade volumes and potentially enhance Chainlink’s market standing in traditional finance.
The ETF application may strengthen Chainlink's legitimacy in traditional finance and foster long-term institutional investments.
