
Bitwise Chainlink ETF Takes Step Forward as DTCC Listing Hints Potential Launch
**Bitwise Chainlink ETF Takes Step Forward as DTCC Listing Hints Potential Launch**
Bitwise’s planned Chainlink ETF (ticker: CLNK) has taken a significant step forward by appearing on the Depository Trust and Clearing Corporation (DTCC) pre-launch list. This listing often signals that regulatory approval is nearing, although clearance from the U.S. Securities and Exchange Commission (SEC) is still pending.
This week, Bitwise’s proposed exchange-traded fund (ETF), which tracks Chainlink’s native token, was added to an important regulatory database. The inclusion in the DTCC registry suggests that the product might be approaching approval.
### DTCC Registry Addition Points Toward Imminent Approval
On Tuesday, the Bitwise Chainlink ETF was listed on the DTCC’s active and pre-launch list under the ticker symbol CLNK. While this does not guarantee SEC approval, historically, such listings often precede momentum towards regulatory clearance.
The DTCC plays a crucial role in financial markets as it manages the clearing, settlement, and recording of trades. However, it’s important to note that Bitwise has not yet submitted Form 8-A — a necessary regulatory filing required before any securities can begin trading on an exchange.
Back in August, Bitwise filed its Form S-1 registration statement with the SEC for this product. The proposed ETF aims to track Chainlink’s native token, which powers a decentralized oracle network providing real-time data to blockchain smart contracts.
### Context and Industry Impact
Grayscale has also pursued a similar Chainlink-focused investment product, which includes staking features that may invite additional regulatory scrutiny.
The approval process for crypto investment products like this ETF has experienced significant delays, partly due to the ongoing federal government shutdown, now in its 42nd day. There is cautious optimism that the Senate may soon pass a funding bill, potentially resuming regulatory operations and accelerating approval timelines for pending cryptocurrency-related investment vehicles.
With the industry closely watching these developments, the DTCC listing represents a promising indicator that Bitwise’s Chainlink ETF could be one of the next products to gain clearance and launch on the market.
*Stay tuned for updates as this story develops.*
https://bitcoinethereumnews.com/tech/bitwise-chainlink-etf-takes-step-forward-as-dtcc-listing-hints-potential-launch/
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