DTCC lists Bitwise’s spot Chainlink ETF under ticker CLNK

The Depository Trust and Clearing Corporation (DTCC) has listed Bitwise's proposed spot Chainlink exchange-traded fund (ETF) under the ticker symbol CLNK in its 'active and pre-launch' category. While this listing does not guarantee approval from the Securities and Exchange Commission (SEC), it is generally viewed as a positive indicator for the fund's debut. Bitwise initially filed for this ETF in August, followed by a similar proposal from Grayscale. Chainlink is a decentralized oracle network, and its token, LINK, is used for paying node operators and staking. This development follows the recent launch of spot ETFs for other altcoins like Litecoin, Solana, and Hedera, as issuers continue to pursue single-token crypto products after the success of spot Bitcoin and Ether ETFs. Separately, the market is anticipating the launch of spot XRP ETFs, with Canary Capital filing the final regulatory step (8-A form) for its product, and the DTCC also listing several spot XRP ETFs.

(Source：The Block)