Hashdex Includes Chainlink (LINK) in Its Crypto ETF Filing, Sparking Speculation About Its Price Potential

Prominent crypto asset manager Hashdex has taken a groundbreaking step with its latest ETF filing, placing Chainlink (LINK) in the spotlight. The ETF, filed on November 25 with the U.S. SEC, lists Bitcoin, Ethereum, Avalanche, Chainlink, and Litecoin as eligible assets.

Prominent crypto asset manager Hashdex has filed a new ETF with the U.S. Securities and Exchange Commission (SEC), highlighting Chainlink’s (LINK) growing institutional appeal.

The ETF, filed on November 25 and titled "Hashdex Web3 Economy Scalar ETF," includes Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), Chainlink (LINK), and Litecoin (LTC) as eligible assets. This marks the first ETF to include LINK, showcasing its increasing significance in the blockchain ecosystem.

Interestingly, Solana (SOL), XRP (XRP), and Cardano (ADA) are notably absent from the list, failing to meet Hashdex's rigorous inclusion criteria.

As per the filing, the firm's strategy focuses on cryptocurrencies that offer tangible utility, innovative use cases, and real-world applications, while deliberately excluding meme tokens.

With its decentralized oracle technology powering smart contracts across blockchain networks, Chainlink embodies these values and plays a crucial role in decentralized finance (DeFi).

This development comes as part of a broader wave of crypto ETF filings, with Bitwise also filing for a 10 Crypto Index ETF on Wednesday. However, unlike Hashdex's more selective approach, Bitwise's filing includes a broader range of assets, such as Solana (SOL), XRP (XRP), and Cardano (ADA).

That said, the inclusion of LINK in ETFs has sparked speculation regarding its price potential, particularly with institutional investors entering the market.

Chainlink, the largest decentralized oracle provider, connects smart contracts to real-world data, making it invaluable in DeFi and beyond. The native token, LINK, compensates node operators who manage these oracles.

In October, Chainlink unveiled a major upgrade to the Chainlink Runtime Environment (CRE), transitioning to a modular architecture designed to scale across thousands of blockchains. This shift enhances flexibility, security, and integration with off-chain APIs.

Back in July, Chainlink also introduced the Cross-Chain Interoperability Protocol (CCIP), further boosting its appeal to capital markets and Web3, which are key factors attracting institutional investors.

On Wednesday, blockchain analytics firm Santiment also highlighted Chainlink's growing popularity, noting it as the top cryptocurrency among those with a market capitalization of $500 million and rising crowd sentiment.

Meanwhile, technically, crypto analyst Bubbafox has identified a multi-year ascending price channel for LINK, suggesting a bullish trajectory.

“LINK This seems reasonable,” the pundit tweeted on Thursday, sharing a chart that projects LINK reaching $150 in the mid-term and potentially surging to $2,000 by November 2026.

Currently, LINK is testing a crucial resistance zone between $19 and $20. A sustained breakout above this level could push the price to $22.80, potentially sparking a rally that could drive the price toward $50.

At the time of writing, LINK trades at $18.10, up 1.60% over the past 24 hours.