连锁链接ETF竞赛：灰度，位和Altcoin投资的未来

斑点链链接ETF的比赛已经开始，灰度和位赛车领先。这对投资者和Altcoin采用的未来意味着什么？

Chainlink ETF Race: Grayscale, Bitwise, and the Future of Altcoin Investing

连锁链接ETF竞赛：灰度，位和Altcoin投资的未来

The world of crypto ETFs is heating up beyond Bitcoin and Ethereum! Grayscale and Bitwise are vying to launch the first spot Chainlink ETF, a move that could revolutionize how investors access altcoins. Buckle up, because this is about to get interesting!

加密ETF的世界正在加热比特币和以太坊之外！ Grayscale和Bitwise正在争夺启动第一个位置连锁链接ETF，此举可能会彻底改变投资者访问Altcoins的方式。系好，因为这将变得有趣！

Grayscale's Ambitious Altcoin ETF Expansion

灰度的雄心勃勃的Altcoin ETF扩展

Grayscale, known for its crypto investment products, has filed with the SEC to convert its Chainlink Trust into a spot ETF. This would trade on NYSE Arca under the ticker GLNK. This is part of a larger plan to introduce spot ETFs for other altcoins like AVAX, DOGE, LTC, SOL, and XRP. Grayscale is aiming to offer a full suite of regulated crypto investment options.

Grayscale以其加密投资产品而闻名，已向SEC提交，将其链条信托转换为现场ETF。这将在股票GLNK下以纽约证券交易所的交易。这是一个更大的计划的一部分，该计划是为Avax，Doge，LTC，Sol和XRP等其他Altcoins引入现场ETF。 Grayscale的目标是提供一套受监管的加密投资选择。

A spot ETF is a game-changer. It allows investors to gain direct exposure to the underlying cryptocurrency, making investing easier and more transparent. No more worrying about wallets or private keys! Grayscale even plans to allow investors to receive actual LINK tokens in the future.

斑点ETF是改变游戏规则的人。它使投资者可以直接接触潜在的加密货币，从而使投资更加容易，更透明。不再担心钱包或私钥！ Grayscale甚至计划允许投资者将来收到实际的链接令牌。

Bitwise Joins the Fray with a Strategic Approach

用战略方法加入竞争

Bitwise Asset Management has also thrown its hat into the ring with its own spot Chainlink ETF filing. This move signals a broader acceptance of altcoins in mainstream portfolios. Bitwise is playing it smart, structuring its ETF to track the CME CF Chainlink–Dollar Reference Rate and partnering with Coinbase for custody. This approach mirrors the frameworks of approved Bitcoin and Ethereum ETFs, aiming to ease regulatory concerns.

Bitwise Asset Management还通过自己的位置链链接ETF归档，将其帽子扔进了戒指。此举标志着主流投资组合中对山寨币的更广泛接受。 Bitwise正在弹奏它，构造了其ETF，以跟踪CME CF Chainlink -dollar参考率，并与Coinbase合作进行监护。这种方法反映了认可的比特币和以太坊ETF的框架，旨在减轻监管问题。

The SEC's willingness to engage with structured, transparent crypto products is a major shift. Bitwise is prioritizing price exposure over yield generation, demonstrating a nuanced understanding of the evolving regulatory landscape.

SEC愿意与结构化的透明加密产品互动是一个重大转变。 Bitwise优先考虑价格暴露而不是产量的产量，这表明对不断发展的监管格局有细微的理解。

Why Chainlink? The Fundamentals Speak Volumes

为什么链链接？基本面说的很大

Chainlink isn't just another token; it's infrastructure for DeFi. With a significant portion of DeFi oracle usage and a substantial Total Value Secured (TVS), Chainlink is a crucial component for smart contracts across blockchains. Its Cross-Chain Interoperability Protocol (CCIP) further solidifies its importance in a multi-chain world.

链条不仅是另一个令牌；这是Defi的基础架构。 ChainLink凭借很大一部分的Defi Oracle使用情况和大量的总价值（TVS），是跨区块链智能合约的关键组成部分。其跨链互操作性方案（CCIP）进一步巩固了其在多链世界中的重要性。

The deflationary mechanics of LINK, including burns from staking and governance, also add to its appeal. Scarcity is attractive to institutional investors who are used to evaluating assets like gold.

连接的通缩力学，包括烧毁和治理的烧伤，也增加了其吸引力。稀缺性对习惯于评估黄金等资产的机构投资者具有吸引力。

Investment Implications: Positioning for the Future

投资影响：未来定位

While approval isn't guaranteed, the filing itself is a catalyst. Institutional investors have been seeking a regulated vehicle to access altcoins without the burdens of direct custody. A Chainlink ETF offers a solution: a regulated, liquid, and diversified exposure to a token with proven utility.

尽管不能保证批准，但文件本身是催化剂。机构投资者一直在寻求一辆受监管的车辆以无需直接拘留的负担即可访问山寨币。连锁链接ETF提供了一种解决方案：具有经过证实的效用的令牌，受调节，液体和多样化的暴露。

If approved, the ETF could trigger a surge in demand for LINK. The token's price performance could mirror Bitcoin's post-ETF trajectory. However, it's important to balance optimism with caution and treat the ETF as a strategic allocation.

如果获得批准，ETF可能会引发对链接的需求激增。代币的价格性能可以反映比特币的ETF后轨迹。但是，重要的是要谨慎乐观并将ETF视为战略分配。

Regulatory Hurdles and the Path Forward

监管障碍和前进的道路

The SEC’s prolonged review of crypto ETFs, as seen with Grayscale's Polkadot Trust ETF (delayed until November 2025), shows a cautious approach to digital assets. This affects XRP, Solana, and Litecoin ETFs too, emphasizing investor protection, market integrity, and robust custody frameworks. Institutions are adapting by hedging with approved Bitcoin and Ethereum ETFs while preparing for altcoin ETFs, diversifying into projects like Polkadot and XRP. The SEC's focus on custody has firms prioritizing partnerships with SEC-compliant custodians like Coinbase. Macroeconomic volatility adds another layer, with crypto ETF performance still tied to Fed policies, leading investors to blend crypto ETFs with traditional assets for hedging.

SEC对加密ETF的长期审查，如Grayscale的Polkadot Trust ETF所示（延迟到2025年11月），对数字资产的谨慎方法表现出。这也影响了XRP，Solana和Litecoin ETF，强调投资者的保护，市场完整性和强大的监护权框架。在准备Altcoin ETF的同时，机构正在与批准的比特币和以太坊ETF进行对冲，从而适应了替代币ETF，并将其多样化为Polkadot和XRP等项目。 SEC对监护权的关注使公司优先考虑与Coinbase这样的SEC统计保管人的合作伙伴关系。宏观经济波动率增加了另一层，加密ETF的性能仍然与美联储政策相关，使投资者将加密ETF与传统资产融合了套期保值。

The Bottom Line

底线

The race for a Chainlink ETF is more than just a product launch; it's a bridge connecting regulatory pragmatism, institutional demand, and the future of crypto adoption. Keep an eye on this space—it's shaping up to be a wild ride!

连锁链接ETF的竞赛不仅仅是产品推出。这是一座连接监管实用主义，机构需求以及采用加密货币的未来的桥梁。请密切关注这个空间 - 它正在构成狂野的旅程！

So, are you ready for a Chainlink ETF? I know I am. It's like the crypto world is finally getting its act together and inviting the grown-ups to the party. Let's see if the SEC sends a plus one. To the moon, maybe?

那么，您准备好准备链链接ETF了吗？我知道我是。就像加密货币世界终于将其行为融合在一起，并邀请大人参加聚会。让我们看看SEC是否发送加号。到月球，也许？