Bitwise Chainlink ETF Listed on DTCC, Institutional Access Closer as Retail Selling Continues

iconBeInCrypto
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

Citing BeInCrypto, the Bitwise Chainlink ETF (CLNK) has been listed on the Depository Trust and Clearing Corporation (DTCC) platform, marking a key step toward institutional access to the LINK token. Despite this progress, on-chain data shows continued selling by retail holders. The listing is part of the standard clearing and settlement process ahead of potential SEC approval. Chainlink co-founder Sergey Nazarov recently participated in a Federal Reserve Fintech Conference with executives from JP Morgan and Amazon, highlighting the project’s growing role in financial infrastructure. Meanwhile, large holders have accumulated over 4 million LINK tokens in the past two weeks, pushing the Exchange Supply Ratio to a record low.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.