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Bitwise Chainlink ETF appears on DTCC site, tipping pending launch

Bitwise’s spot Chainlink ETF has appeared on the Depository Trust and Clearing Corporation’s registry, a sign that it could launch in the near future.

🔗 Source

💡 DMK Insight

Bitwise’s spot Chainlink ETF is on the registry, and here’s why that matters: this could be a game changer for LINK. ETFs have historically provided a more accessible entry point for institutional investors, which could lead to increased demand for Chainlink. If this ETF launches successfully, we might see a significant uptick in trading volume and price action, especially if LINK breaks above key resistance levels. Keep an eye on the $10 mark; a sustained move above that could trigger a bullish sentiment shift. But don’t overlook the potential for volatility. If the ETF launch faces regulatory hurdles or delays, it could lead to a sharp pullback. Traders should monitor the broader crypto market sentiment and related assets like Bitcoin and Ethereum, as their movements often influence altcoin performance. Watch for news updates in the coming weeks, as they could provide critical insights into the ETF’s launch timeline and market impact.

📮 Takeaway

Watch for Chainlink to break above $10; a successful ETF launch could drive significant price action and trading volume.

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