TLDR:
- Bitwise Chainlink ETF was added to the DTCC list, marking procedural progress.
- DTCC qualification does not signal SEC approval or commencement of trading.
- LINK is trading near $15.38 after a volatile recovery week.
- Institutional focus is growing as traders eye the resistance zone between $16 and $17
The Bitwise Chainlink ETF (ticker: CLNK) has been added to the Depository Trust & Clearing Corporation (DTCC) eligibility list. This marks an early procedural step in preparing the fund for potential market liquidation.
The listing does not represent endorsement by the Securities and Exchange Commission (SEC) or any other regulatory body. However, it has attracted the attention of traders who are tracking institutional engagement with Chainlink’s growing ecosystem.
Bitwise Chainlink ETF joins DTCC’s qualifying list
According to data shared by Wu Blockchain, the listing represents part of the standard clearing and settlement process for new ETFs.
The DTCC designation allows the Bitwise Chainlink ETF to pass through technical systems once all required approvals are completed. It is not a sign that trading will start soon, but it does indicate readiness for operational setup.
The update is like a typical but necessary step before any ETF launch in the US the DTCC’s role ensures that securities can be liquidated efficiently when the regulators give permission.
For Chainlink, this procedural milestone gave new momentum to discussions about the growing role of the network in traditional finance.
The move is also in line with broader efforts by asset managers to introduce blockchain-linked investment products with institutional backing. Bitwise’s ETF proposal aims to connect decentralized data infrastructure with regulated financial frameworks.
While there is no official launch date, the development boosts Chainlink’s visibility among major market players.
LINK Price recovery as traders monitor institutional momentum
CoinGecko data shows LINK trading around $15.38 after recovering from intraday lows near $15.23.
Despite a 7.5% drop in the last 24 hours, LINK is still up 7.25% for the week. The token’s daily range between $15.23 and $16.70 highlights continued volatility amid shifting market sentiment.
Earlier in November, LINK reached 2025 which was around 14 dollars after Bitcoin’s dominance driven market correction. Since then, renewed activity in the chain and institutional inflows have supported a rally towards the $16-17 resistance zone.
Market watchers suggest that traders accumulate positions ahead of potential catalysts related to institutional interest.
Wu Blockchain reported that ETF’s DTCC listing contributed to renewed speculation about further institutional integration, although no regulatory decisions have been confirmed. Trading volume has remained high, signaling growing participation from retail and institutional desks. The $15 support zone as a crucial short-term level to maintain bullish structure.
As of the most recent session, LINK continues to consolidate its gains, with buyers defending intraday lows. Market data indicates that resistance remains strong near $17, where traders await confirmation of a breakout.
