What does Bitwise Asset Management’s Chainlink ETF mean for crypto?
Bitwise Asset Management recently filed for a Chainlink ETF, which could change the cryptocurrency landscape. The ETF focuses on tracking the spot price of Chainlink (LINK), making it easier for traditional investors to access a vital token in decentralized finance (DeFi). This product aims to eliminate barriers, allowing investors entry without navigating the complexities of wallets or crypto exchanges. If approved, this ETF could bring significant institutional investment into Chainlink.
By not including staking rewards in its ETF structure, Bitwise is addressing regulatory concerns. The U.S. Securities and Exchange Commission (SEC) has flagged staking rewards as a potential roadblock to approval, so focusing on spot price tracking…
