Bitwise’s proposed spot Chainlink ETF has officially appeared on the Depository Trust & Clearing Corporation (DTCC) registry under ticker CLNK in both “active” and “pre-launch” categories.
The DTCC listing is a customary step ahead of potential trading but does not guarantee US Securities and Exchange Commission (SEC) approval. XRP also appeared on the DTCC this Monday, fueling speculation about a potential listing this week and a surge in price for XRP.
Crypto News Australia reported that Bitwise filed a Form S-1 in August for the fund, which seeks to track the price of Chainlink (LINK), using Coinbase Custody as its custodian and Coinbase as the main execution agent. As of now, Bitwise has not filed a Form 8-A for CLNK, a final step typically required before a security listing on an exchange.
DTCC provides post-trade clearing, settlement, and record-keeping for U.S. markets, acting as a central utility for equities and ETFs. Quite an important step for Bitwise. Most ETF submissions do not pass this stage.
Oddly enough, LINK’s price dropped 4% today, currently trading at US$15.19 (AU$23), according to CoinMarketCap data.
Related: US Treasury Clears Path for Staking Yields on Wall Street Crypto Funds
Similarly, we could see more movement this week for XRP, as Canary Capital filed a Form 8-A on Monday for its spot XRP ETF, a filing that can precede listing, potentially on Nasdaq.
“Canary filed 8A for XRP ETF last night, which points to launch tomorrow or Thursday (today is holiday),” Bloomberg’s Eric Balchunas wrote on X. While he expects Thursday to be the day, citing intel from journalist Eleanor Terrett, nothing is confirmed.
— Eleanor Terrett (@EleanorTerrett) November 11, 2025
NEW: @CanaryFunds has filed its Form 8-A. This is the final step before it goes effective at 5:30 PM ET Wednesday once the Nasdaq certifies the listing. When that happens, the last hurdle is cleared and the first $XRP spot ETF will be set to launch Thursday at market open. pic.twitter.com/mXvkrrXbiJ
Canary’s fund would be the second US spot XRP ETF after the Rex-Osprey XRP ETF (XRPR), which launched in September.
Related: Ripple Aims to Bridge Crypto and Wall Street, Says CEO Garlinghouse
The post XRP and Chainlink ETFs Edge Closer to Launch as Canary and Bitwise Make Key Regulatory Moves appeared first on Crypto News Australia.
