Bitwise Files for First Spot Chainlink ETF: What It Means for LINK Investors

Discover the latest news on Bitwise Asset Management's filing for the first US spot Chainlink (LINK) ETF, directly holding LINK tokens with Coinbase Custody. Learn how this groundbreaking ETF could reshape crypto investing by enabling in-kind creation and redemption, allowing investors to exchange LINK tokens directly for ETF shares and vice versa. Explore what this means for Chainlink's price, institutional adoption, and the broader altcoin market amid evolving SEC regulations. Key topics covered include: - Details of Bitwise's SEC filing and the role of Coinbase Custody Trust - How in-kind creation and redemption work for LINK ETF shares - Potential impacts on LINK price and trading volumes - The shift towards regulated infrastructure investment in crypto Stay informed about this strategic development in crypto ETFs and what it spells for Chainlink and alternative crypto assets. Keywords: Chainlink ETF, Bitwise Asset Management, LINK token, Coinbase Custody, SEC filing, in-kind creation redemption, crypto ETFs, institutional crypto investing, altcoin ETF, blockchain investment.