Bitwise first in line to file for spot Chainlink ETF

Bitwise became the first to file for an exchange-traded fund tracking the price of Chainlink as issuers continue to bid for funds tracking altcoins.

Bitwise Asset Management filed to launch an exchange-traded fund that holds and tracks the self-titled native token of the crypto oracle platform Chainlink.

A filing with the US Securities and Exchange Commission on Tuesday shows the fund would trade as the Bitwise Chainlink ETF, with Coinbase Custody named as the custodian for the fund. 

The ETF plans to hold and offer in-kind creation and redemption for Chainlink (LINK), allowing investors to buy and sell shares using the LINK token.

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