- Bitwise Spot Chainlink ETF (CLNK) has been listed on the DTCC registry in “active” and “pre-launch” categories, a key step toward potential trading.
- The DTCC listing signals operational readiness but does not guarantee final approval from the US Securities and Exchange Commission (SEC).
- The development follows a similar advancement for an XRP ETF, as Canary Capital filed a Form 8-A (the final pre-listing step) for its spot XRP ETF, fueling imminent launch speculation.
Bitwise’s proposed spot Chainlink ETF has officially appeared on the Depository Trust & Clearing Corporation (DTCC) registry under ticker CLNK in both “active” and “pre-launch” categories.
The DTCC listing is a customary step ahead of potential trading but does not guarantee US Securities and Exchange Commission (SEC) approval. XRP also appeared on the DTCC this Monday, fueling speculation about a potential listing this week and a surge in price for XRP.
Crypto News Australia reported that Bitwise filed a Form S-1 in August for the fund, which seeks to track the price of Chainlink (LINK), using Coinbase Custody as its custodian and Coinbase as the main execution agent. As of now, Bitwise has not filed a Form 8-A for CLNK, a final step typically required before a security listing on an exchange.
DTCC provides post-trade clearing, settlement, and record-keeping for U.S. markets, acting as a central utility for equities and ETFs. Quite an important step for Bitwise. Most ETF submissions do not pass this stage.
Oddly enough, LINK’s price dropped 4% today, currently trading at US$15.19 (AU$23), according to CoinMarketCap data.
Related: US Treasury Clears Path for Staking Yields on Wall Street Crypto Funds
What About XRP?
Similarly, we could see more movement this week for XRP, as Canary Capital filed a Form 8-A on Monday for its spot XRP ETF, a filing that can precede listing, potentially on Nasdaq.
“Canary filed 8A for XRP ETF last night, which points to launch tomorrow or Thursday (today is holiday),” Bloomberg’s Eric Balchunas wrote on X. While he expects Thursday to be the day, citing intel from journalist Eleanor Terrett, nothing is confirmed.
Canary’s fund would be the second US spot XRP ETF after the Rex-Osprey XRP ETF (XRPR), which launched in September.
Related: Ripple Aims to Bridge Crypto and Wall Street, Says CEO Garlinghouse
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