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BlockNews
Home CRYPTO CHAINLINK

Chainlink (LINK) Price Jumps 5% After Bitwise Files First U.S. Spot ETF

Michael Juanico by Michael Juanico
August 28, 2025
in CHAINLINK, CRYPTO, FINANCE, OPINION
Reading Time: 3 mins read
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  • Bitwise filed the first U.S. spot Chainlink ETF with the SEC.
  • LINK price surged 5%, moving from $22.94 to $24.29 on the news.
  • Chainlink adoption grows as institutions like SBI Group explore real-world tokenization.

Chainlink just got a major boost—both in credibility and price. Bitwise Asset Management officially submitted a Form S-1 filing with the SEC, proposing what could be the very first U.S. spot ETF tied to Chainlink. The announcement quickly sent LINK soaring 5%, jumping from around $22.94 to $24.29 in a matter of hours. Traders and analysts alike are calling this a historic step, as it opens the door for regulated, direct exposure to Chainlink through traditional investment channels.

Bitwise just filed for a spot Chainlink ETF pic.twitter.com/jRHPXEP9a7

— Eric Balchunas (@EricBalchunas) August 26, 2025

Chainlink ETF Filing Sparks Price Surge

The ETF proposal lays out Coinbase Custody as the official custodian, ensuring regulated handling of LINK tokens. This kind of structure is designed to give pension funds, institutional investors, and even retail traders more compliant access to the asset. For a project like Chainlink, which powers decentralized oracle networks, the move is being seen as a huge step toward bridging institutional finance and crypto infrastructure.

Beyond just the immediate price action, the filing adds legitimacy to Chainlink’s role in the digital asset ecosystem. With its focus on data verification and tokenized real-world assets, LINK now has a stronger case for institutional adoption.

Institutional Adoption of Chainlink Grows

The Bitwise filing didn’t happen in isolation. Recent moves like SBI Group’s partnership with Chainlink highlight how major financial players are embracing oracle solutions for tokenized assets and stablecoin reserves. Together, these developments show that the appetite for oracle-driven infrastructure is expanding—and Chainlink is leading the charge.

At the time of writing, the ETF proposal marks the most direct attempt yet to bring LINK into mainstream investment products. While several altcoin ETF applications remain under SEC review until October 2025, Chainlink’s timing looks strong given today’s relatively favorable regulatory environment.

Bitwise has filed for the first US spot @chainlink ETF, which would track LINK’s daily price via a USD benchmark.@coinbase will hold the underlying Chainlink tokens. If approved, this ETF would be listed on a regulated US exchange.

LINK surged 8% following the announcement. pic.twitter.com/3QanK1sSx4

— CryptoWeekly (@WeeklyCrypto) August 28, 2025

Chainlink Market Impact and Outlook

The ETF design focuses on passive management, excluding staking rewards but maintaining direct LINK price exposure—likely a regulatory compromise. This positions Chainlink as one of the first oracle-focused tokens to break into regulated investment products, reflecting a shift in demand from speculative memecoins toward utility-driven infrastructure tokens.

For LINK, the message is clear: institutional adoption is no longer just a theory, it’s happening. The 5% jump may just be the beginning if regulatory approval comes through.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Bitwise SEC filingChainlinkChainlink ETFChainlink price predictionLINKLINK price surgeoracle networks
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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