Bitwise Submits Chainlink ETF Prospectus to SEC; LINK Jumps Over 20%

Bitwise has submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) for a proposed Chainlink spot ETF, according to documents available on the regulator's EDGAR database. LINK rose more than 20% around the time the filing became public. The submission is the latest move by Bitwise to broaden its spot crypto ETF lineup beyond Bitcoin and Ethereum. A prospectus filing starts a regulatory review process and should not be read as SEC approval or a signal of an imminent launch. Key points: - Bitwise filed an SEC prospectus for a proposed Chainlink ETF, per EDGAR records - LINK gained more than 20% alongside the reported filing - A prospectus filing triggers a review period; it does not confirm approval or a start date An SEC prospectus filing typically opens a formal review window in which regulators may request revisions, issue comment letters, or allow the registration to become effective. Public records at this stage do not confirm the proposed fund's ticker, fee schedule, custodian, or timing. Bitwise's filing history can be viewed on the SEC's EDGAR company page under CIK 2034576. Bitwise has been active in registering crypto investment products. Its Solana staking ETF reached $1 billion in assets under management within its first 10 months, underscoring institutional demand for single-asset crypto exposure beyond Bitcoin. A Chainlink ETF, if approved, would address a different slice of that demand, focusing on infrastructure and oracle-layer protocols rather than layer-1 settlement assets. Chainlink is widely viewed as the leading oracle network connecting smart contracts to real-world data, including price feeds, cross-chain messaging, and AI-related outputs. A regulated ETF holding LINK would offer institutions a more familiar wrapper for indirect exposure to the decentralized data layer used across many DeFi and AI-adjacent applications. The filing also adds to a growing backlog of altcoin ETF proposals. Earlier this year, LINK rallied on a separate Grayscale ETF filing, highlighting how formal regulatory submissions can move spot markets even without certainty on outcomes. Bitwise's XRP ETF surpassing $500 million in assets further suggests the firm's non-Bitcoin products can attract substantial capital once approved. LINK's rally and what investors are watching LINK's reported 20%+ move aligned closely with the prospectus news. Still, timing alone does not prove the filing caused the jump. Price action around ETF headlines often reflects speculative positioning as traders anticipate potential future institutional flows rather than respond to confirmed launches. The filing itself does not set an SEC review timetable, guarantee approval, or rule out further amendments. Market participants will be watching EDGAR for any SEC comment letters, which would indicate active regulatory engagement. Whether LINK holds onto its gains may depend on subsequent SEC actions that either support or complicate expectations for an eventual ETF. For investors focused on decentralized AI infrastructure, an approved Chainlink ETF would be notable as a regulated on-ramp to the oracle layer that on-chain inference networks and AI agents rely on for verifiable external data. That framing positions LINK not only as a DeFi building block but also as potential infrastructure exposure within the broader AI-crypto convergence theme. Disclaimer: This content is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Conduct your own research before making any decisions.