Chainlink May Rise After Bitwise Spot ETF Filing With Coinbase Custody, Supported by DeFi Partnerships
The post Chainlink May Rise After Bitwise Spot ETF Filing With Coinbase Custody, Supported by DeFi Partnerships appeared on BitcoinEthereumNews.com. Chainlink’s spot ETF filing by Bitwise triggers a 5% price bounce for LINK, as the proposed Bitwise Chainlink spot ETF aims to custody tokens with Coinbase Custody and could open institutional demand channels for Chainlink if approved by the SEC. Price reaction: LINK rose about 5% after the Bitwise spot ETF filing. Custody plan: Bitwise intends to use Coinbase Custody Trust Company for on-chain storage. DeFi impact: Chainlink partnerships and a reserve above 150,000 LINK underpin ecosystem confidence. Chainlink spot ETF: Bitwise files S-1 for a LINK spot ETF; approval could boost institutional inflows and DeFi adoption — read implications and next steps. What is the Bitwise Chainlink spot ETF filing? Chainlink spot ETF refers to Bitwise’s S-1 filing with the U.S. Securities and Exchange Commission proposing a fund that holds LINK tokens directly, custodying them via Coinbase Custody Trust Company. If approved, the ETF would allow traditional investors easier exposure to Chainlink and potentially increase institutional capital inflows. How did markets react to the filing? On Tuesday, August 26, Chainlink (LINK) rebounded roughly 5% from an intraday low of $22.94, trading near $23.96 during the session. TradingView data shows the uptick closely followed Bitwise’s S-1 submission, signaling short-term buying on perceived institutional demand catalysts. ‘, ‘
The post Chainlink May Rise After Bitwise Spot ETF Filing With Coinbase Custody, Supported by DeFi Partnerships appeared on BitcoinEthereumNews.com.
Chainlink’s spot ETF filing by Bitwise triggers a 5% price bounce for LINK, as the proposed Bitwise Chainlink spot ETF aims to custody tokens with Coinbase Custody and could open institutional demand channels for Chainlink if approved by the SEC. Price reaction: LINK rose about 5% after the Bitwise spot ETF filing. Custody plan: Bitwise intends to use Coinbase Custody Trust Company for on-chain storage. DeFi impact: Chainlink partnerships and a reserve above 150,000 LINK underpin ecosystem confidence. Chainlink spot ETF: Bitwise files S-1 for a LINK spot ETF; approval could boost institutional inflows and DeFi adoption — read implications and next steps. What is the Bitwise Chainlink spot ETF filing? Chainlink spot ETF refers to Bitwise’s S-1 filing with the U.S. Securities and Exchange Commission proposing a fund that holds LINK tokens directly, custodying them via Coinbase Custody Trust Company. If approved, the ETF would allow traditional investors easier exposure to Chainlink and potentially increase institutional capital inflows. How did markets react to the filing? On Tuesday, August 26, Chainlink (LINK) rebounded roughly 5% from an intraday low of $22.94, trading near $23.96 during the session. TradingView data shows the uptick closely followed Bitwise’s S-1 submission, signaling short-term buying on perceived institutional demand catalysts. ‘, ‘
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