Chainlink ETF Madness: Are Whales Throwing a Party? 🐋💸

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Well, darlings, it seems Bitwise Asset Management has decided to grace the US Securities and Exchange Commission (SEC) with an S-1 filing, aiming to launch a spot Chainlink
LINK $24.17 | 24h volatility: 1.6% | Market cap: $16.43 B | Vol. 24h: $2.01 B
exchange-traded fund (ETF). Oh, the thrill! A regulated fund tracking the price of LINK, the beloved digital darling of Chainlink. 🎩✨

Bitwise Spot Chainlink ETF on Radar

The latest filing suggests that shares of this trust will grace a US national exchange-but alas, Bitwise hasn’t quite decided which stage to strut them upon. The document waltzes through the usual creation and redemption dance, mentioning both in-kind and cash transactions via a charmingly named “Trust-Directed Trade” system, all overseen by the prime execution agent, naturally. 🍸

This ETF will be strutted out as a Delaware statutory trust, with its Net Asset Value (NAV) tied to the CME CF Chainlink-Dollar Reference Rate (New York Variant), courtesy of CF Benchmarks. Shares will pirouette in blocks of 10,000, letting authorized participants trade in LINK or US dollars. As ever, the secondary market may apply a cheeky premium or a playful discount relative to NAV.

ETF Buzz Sparks Bullish LINK Momentum

Approval whispers for a Chainlink spot ETF have sparked a veritable frenzy-LINK is dancing on everyone’s radar. Whales are flapping their fins, trading volumes are skyrocketing, and the charts show a dazzling green candle bouncing from $22.95 to currently flirting with $24. 📈

Observers note that ETF-driven inflows could tighten supply, as LINK’s tokenomics lock up tokens with the precision of a miser counting his coins. Every institutional investment is now an event worthy of champagne. 🍾

LINK has strutted into the 11th spot among digital assets by market cap, up more than 26% in the last month. The price faces a tantalizing resistance at $25; surpass it, and one might witness a daring 20% rally to $30. Social media is abuzz with optimism, though a few cautious institutional types whisper that volatility may crash the party at any moment. 😏

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2025-08-26 19:35