An investment management company called Bitwise is looking to create a new type of ETF that tracks the price of Chainlink’s LINK token. They’ve filed the necessary paperwork with regulators to get the process started.
Think of an ETF like a stock that follows the price of an asset—in this case, LINK. Chainlink is a key project in crypto that connects blockchains to real-world data.
If approved, this would allow people to buy into LINK through a traditional stock exchange.
The filing confirms that the fund will simply hold LINK to mirror its price and will not participate in “staking,” which is a common way to earn rewards on crypto holdings.
