Spot ETF for Chainlink: Bitwise Pushes Crypto Product Expansion

Bitwise is making waves in the institutional crypto space with a fresh spot ETF application centered on Chainlink ($LINK), one of the most established oracle networks in decentralized finance. This development marks another step in the firm’s broader strategy to expand its regulated cryptocurrency investment products beyond the traditional Bitcoin and Ethereum offerings that have dominated the ETF landscape.

What’s Driving This Move?

The filing comes at a time when investor appetite for diversified cryptocurrency exposure continues to grow. Institutional investors have been gradually warming up to alternative crypto assets, particularly those with established use cases like Chainlink’s oracle infrastructure. By launching a spot ETF for $LINK, Bitwise is tapping into this emerging demand for regulated access to quality altcoins.

The Bigger Picture

This isn’t Bitwise’s first move beyond Bitcoin and Ethereum. The company has been actively pursuing a multi-asset ETF strategy to capture different segments of the crypto market. The Chainlink spot ETF represents a shift toward recognizing that institutional investment in crypto is maturing—investors no longer want just BTC and ETH exposure; they’re looking for exposure to projects with genuine technological utility.

What Happens Next?

The approval process is currently underway, and if greenlit, the spot ETF could accelerate mainstream adoption of $LINK among traditional portfolio managers. The success of this filing could also signal to other crypto asset managers that the market is ready for expanded product offerings. As 2025 unfolds, expect more spot ETFs covering a broader range of cryptocurrencies to hit the market.