Bitwise Asset Management has filed to launch a funds exchanged by the exchange that holds and monitors the self-titled native token of the Crypto Oracle Platform Chainlink.
A File Using the Securities and Exchange Commission on Tuesday shows the funds to be exchanged as Bitwise Chainlink ETF, with Coinbase’s custody named as the funder for the fund.
ETF plans to handle and offer in-kind creation and redemption for the chainlink (link), which allows investors to buy and sell shares using the link link.
Bitwise does not disclose the ticker symbol, the ETF exchange listed in, or what fee it charges.
This is the first time filed for the US. Bitwise submitted a form S-1 for the fund, but must also submit additional papers, called form 19B-4, to kick the SEC’s approval process.
LINK GAINS IN ETF FILE
Link prices are up to 4.2% to $ 24.18 in the last 24 hours in the middle of bitwise filing and a greater market benefit, According to This coingecko.
The link gained more than 26% in the past 30 days, but more than half from the peak of nearly $ 53 in May 2021.
Focus on Altcoin ETFs is growing
The Trump administration has taken a more lovely tone to the crypto, which leads funds to flood the SEC with filings for various Crypto-associated ETFs.
Bitwise also saw success including ETFs tracking Bitcoin (BTC) and Ether (ETH), with their own ownership under the management of $ 2.26 billion and $ 460 millionAccording to investors in farside.
On Saturday, asset manager Vaneck filed on the SEC to offer an ETF based on Jitosol, a liquid staking token that gives staking rewards. If approved, this will be the first ETF in the US to offer investors the ability to invest in digital assets that provide rewards.
Related: ETF Analyst Questions How Canary’s Trump Fund gets
On Friday, the Grayscale investments The SEC approved to convert Existing Avalanche (AVAX) trust in an ETF.
Meanwhile, Canary Capital filed two ETF products offering this month, with it File on Tuesday Looking to launch an ETF holding the official Trump (Trump), launched by US president Donald Trump the days before his inauguration.
The second ETF filing made on Friday is for Canary American made by Crypto ETF (MRCA), which will offer exposure to A basket of cryptocurrencies created, mined, or operating in the US.
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