Bitwise Seeks Approval for First U.S. Spot Chainlink ETF

Bitwise Asset Management has filed with the U.S. Securities and Exchange Commission (SEC) to launch what could become the first U.S. spot exchange-traded fund (ETF) tied to Chainlink (LINK).  According to the filing, the proposed ETF would track LINK’s daily price via a Chainlink-to-dollar benchmark.  Source: SEC The ETF is set to mirror the daily price of Chainlink’s LINK token through a Chainlink-to-dollar benchmark. Coinbase Custody Trust Company would hold the underlying tokens, and ETF shares would be available for trading on a national exchange. Designed as a passively managed fund, the ETF would not employ any active trading

Continue reading on DailyCoin.