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CryptoMedium•5 June 2026•

1 min read

SEC Approves First Spot Chainlink ETF by Bitwise

Key Facts

1The US SEC has approved Bitwise Investment Advisors' application for the first spot Chainlink (LINK) ETF.

2The new ETF will trade on the NYSE Arca exchange under the ticker symbol CLNK.

In a move reflecting a significant shift in the digital asset regulatory landscape, the US SEC has approved Bitwise Investment Advisors' application for the first spot Chainlink (LINK) ETF. According to reports, the new fund will trade on the NYSE Arca exchange under the ticker symbol CLNK. This approval marks the first time a spot crypto ETF has been authorized for an asset other than Bitcoin or Ethereum.

This regulatory milestone comes amid rising institutional demand for the oracle solutions provided by the Chainlink network, signaling a shift toward recognizing the functional utility of diverse crypto assets. Following the precedent set by Ethereum ETFs earlier this year, this launch is expected to enhance institutional liquidity for LINK, particularly as the US ISM Manufacturing PMI stands at 54 per market data, suggesting an economic environment conducive to alternative investments.

Traders should monitor liquidity levels once CLNK begins trading on NYSE Arca to gauge institutional appetite. Looking ahead, the market will focus on Federal Reserve Chair Powell's speech scheduled for May 31, 2026, which may provide further clarity on monetary policy directions and their subsequent impact on the broader crypto market.