Bitwise Asset ManagementAltcoin to SEC Chainlink 
$23.53 (LINK) made a preliminary application to present a based ETF. The main network of the new ETF Chainlink network is followed by LINK’s spot price, acting as a market tool for investors.
How will Bitwise’s Chainlink Etf work?
Bitwise to SEC in the application ETF’s purpose Link He said Coin’s price is to reflect the price. For storage service Coinbase Custody Trust CompanyAs a main processing intermediary Coinbase The stock market was shown. ETF shares are planned to be listed in a national stock exchange in the US, but a definite stock market name has not yet been announced.
In the documents ETF‘s classical formation and fire department mechanisms will work, transactions can be done in return for cash or assets were recorded. On this side, the process will be carried out through the main processing medium of ETF by a method called “Trust-Directed Trade”.
For those who do not know, Chainlink offers a decentralized Oracle infrastructure that brings Blockchains together with real world data. This structure, which provides access to external data sources of smart contracts and defi protocols, is protected with LINK Coin. Altcoin It also encourages Node operators to join the network and plays an active role in the management of the network.
There will be no stinging mechanism in ETF
The remarkable detail in ETF application was that there was no plan for Stinging for Link Coin. Although SEC announced that stinging procedures were not contrary to Federal Securities Laws recently, Bitwise Chainlink EtfSPOT will only offer a structure based on market price. Thus, investors will be offered direct price -oriented, not augmented by the renovation stinging rewards.
Bitwise’s name is a single asset -oriented current crypto currency -based ETFs Bitcoin 
$109,878.44 and Ethereum 
$4,426.17 shows that he moved out. Avalanche in Grayscale in Grayscale 
$23.39 He had applied to transform Trust into Spot ETF. The mobility on the exporter side reveals that Wall Street’s effort to expand the range of crypto currency -based investment products is accelerating.
Bitwise CIO Matt HouganIn his report, he described Chainlink as one of the “cleanest” investment options. He emphasized that the importance of LINK will increase especially with the strengthening of the tokecination trend.
According to CryptoAppsy data LINK Coin At the time of the news, the last 24 hours decreased by 4.93 percent in $ 23.24.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
