Bitwise Chainlink ETF listed on DTCC as CLNK, while LINK price falls 7% amid ongoing regulatory approval delays.
The price of Chainlink (LINK) has faced a noticeable decline recently.
Despite this, the Bitwise Chainlink ETF has made progress, now listed on the DTCC website under the ticker symbol CLNK. This marks a step forward for the ETF’s approval process.
However, LINK’s price has dropped more than 7% over the past 24 hours, surprising many in the crypto space.
Bitwise Chainlink ETF Listed on DTCC Website
The Bitwise Chainlink ETF is now listed on the DTCC eligibility list under the ticker CLNK. This listing is a procedural step for the ETF’s progress in the clearing and settlement process.
However, as noted by analysts like WuBlockchain, it does not indicate that the ETF has received regulatory approval from the U.S. Securities and Exchange Commission (SEC).
The Bitwise Chainlink ETF (ticker: CLNK) has been added to the DTCC eligibility list. Such listing is part of the standard clearing and settlement preparation process and does not indicate that the ETF has received regulatory approval or completed any other required approvals.…
— Wu Blockchain (@WuBlockchain) November 11, 2025
The SEC’s approval is still pending, and the delay has been largely due to the ongoing government shutdown.
Despite this, the listing on the DTCC website shows that the ETF is moving forward, bringing hope to many investors. The Bitwise Chainlink ETF is designed to provide both institutional and retail investors an easy way to gain exposure to LINK.
While this step is important, it does not guarantee an immediate launch. Investors are still waiting for a clear decision from the SEC. Once the SEC approves the ETF, it could boost Chainlink’s market presence and attract more institutional investment.
LINK Price Decline Amid ETF Speculation
Although the Bitwise Chainlink ETF is progressing, LINK’s price has fallen significantly in recent days. LINK has dropped over 7% in the last 24 hours, now trading around $15.36.
The price has reached an intraday low of $15.20, with trading volume down by 20%. These movements suggest that investor sentiment has cooled despite the ETF news.
The cryptocurrency is currently trading below its 50-day and 200-day moving averages, indicating weak momentum. If LINK can manage to rebound above $18.60, it might signal a shift toward a stronger upward trend. However, this recovery has not materialized yet, and the market remains cautious.
Additionally, futures open interest in LINK has also dropped. Platforms like Binance and Bybit have seen reduced interest in LINK futures contracts, reflecting a decrease in short-term trading activity. This lack of interest may further limit any upward movement for the token in the near term.
ETFs’ Potential and Future Outlook
The listing of the Bitwise Chainlink ETF on the DTCC website signals progress, but much depends on SEC approval.
If approved, the ETF would allow investors to access Chainlink through a more traditional investment product. This could help Chainlink attract more institutional money and boost its market value in the long run.
However, the approval process has been delayed, leaving uncertainty in the market. With the government shutdown affecting regulatory timelines, it is unclear when the SEC will make its decision. Until that happens, many investors remain cautious, watching closely for any updates.
Despite the setbacks, the Bitwise Chainlink ETF offers potential. It could open the door to more mainstream investment in Chainlink, but investors must remain patient for now. The key factor will be how quickly the SEC can act once the government reopens.
