The Depository Trust and Clearing Corporation (DTCC) has listed Bitwise’s spot Chainlink exchange-traded fund under its “active and pre-launch” category. The DTCC is a provider of post-trade clearance, settlement, custody and information services in the U.S.
On its official website, the Bitwise Chainlink ETF is registered with the ticker symbol CLNK. While the listing does not guarantee a launch for ETFs with pending approval from the Securities and Exchange Commission, it is generally considered a positive signal.
Bitwise filed its S-1 statement for the ETF in August, which was the first ETF proposal for Chainlink. Grayscale filed its Chainlink ETF proposal the following month. While Bitwise’s proposal includes no plan to stake LINK tokens, Grayscale’s fund may stake a portion of the LINK assets.
Chainlink is a decentralized oracle network that connects blockchains with real-world data, enabling smart contracts to access information like asset prices or other external events securely. LINK is used to pay node operators for providing reliable data and to secure the network through staking.
LINK’s price is down 6.55% to trade at $15.36, according to The Block’s Chainlink price page.
XRP is next
Following the successful launch of spot bitcoin and ether ETFs, major issuers have raced to bring similar products for other altcoins to market. After months of delay, spot ETFs for Litecoin, Solana and Hedera launched recently.
XRP is widely expected to be next. Canary Capital filed an 8-A form for its spot XRP ETF on Monday, which serves as the final regulatory step for an ETF launch.
“Canary filed 8A for XRP ETF last night, which points to launch tomorrow or Thursday,” Bloomberg Senior ETF Analyst Eric Balchunas said in an X post on Tuesday. “Not done deal but all boxes being checked. Stay tuned.”
The DTCC also recently listed five spot XRP ETFs—from Bitwise, Franklin Templeton, 21Shares, Canary, and CoinShares—in its pre-launch category, fueling speculation of their imminent debut. Earlier this month, Grayscale and Bitwise revealed fees for their spot XRP ETFs.
XRP is down 5.15% the past day to trade at $2.41, The Block’s XRP price page shows.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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