Chainlink LINK ETF Makes Procedural Headway with DTCC Listing, SEC Greenlight Still Awaited
Bitwise's spot chainlink ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) registry under the ticker CLNK, marking a procedural step toward potential launch. The listing is categorized as both active and pre-launch, indicating standard clearing and settlement protocols but does not signify SEC approval.
Market analysts highlight the absence of Bitwise's Form 8-A filing, a mandatory document for securities to trade on exchanges. The ongoing US government shutdown—now in its 42nd day—has created regulatory uncertainty, delaying decisions on multiple crypto ETFs awaiting approval.
Despite the ETF development, LINK's price dropped 7% to $15.20 amid broader market declines. Trading volume fell 20%, and futures open interest decreased by 8%, reflecting subdued short-term sentiment despite this institutional progress.
