Chainlink’s ETF Moment Arrives!

Bitwise filed with the SEC to launch the first US Chainlink ETF.

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Here's what we've got for you today:

  • Bitwise First in Line to File for Spot Chainlink ETF

  • US Chooses Blockchain for Economic Reporting

  • Standard Chartered Calls Ethereum and ETH Treasury Companies ‘Cheap’ at Current Levels

  • ETF Analyst Questions How Canary’s TRUMP Fund Bid ‘Gets Through’

Bitwise filed with the SEC to launch the first US Chainlink ETF, to offer direct exposure to LINK.

  • Bitwise Asset Management filed with the SEC to launch the first US Chainlink ETF, which will hold and track LINK.

  • The filing names Coinbase Custody as custodian and outlines in-kind creation and redemption of shares using LINK tokens.

  • Certain key details like ticker, listing exchange, and fees were not revealed in the filing.

The US Department of Commerce will begin publishing GDP data on the blockchain to help reflect President Trump’s “crypto president” image.

  • US Commerce Secretary Howard Lutnick announced that the Department of Commerce will start publishing GDP data on the blockchain.

  • Lutnick believes that the initiative will align with President Trump’s image as the “crypto president.” There is also potential for expansion to other departments once implementation is finalized.

  • The move places the US among countries like Estonia, Singapore, and Australia, as well as states like California, which already adopted blockchain in public administration.

Standard Chartered says Ethereum and ETH treasury firms are still undervalued.

  • Standard Chartered’s Geoffrey Kendrick says Ethereum and ETH treasury companies are undervalued despite ETH hitting a new all-time high on Aug. 24.

  • Since June, Ethereum DAT companies have purchased 2.6% of circulating ETH, while spot ETFs absorbed another 2.3%, totaling 4.9% of supply in under three months.

  • Kendrick expects treasury firms could eventually hold up to 10% of circulating ETH, with BitMine alone targeting 5%.

Canary Capital filed for the first Trump Coin ETF, but analysts question its path to approval.

  • Canary Capital filed with the SEC to launch the Canary Trump Coin ETF, which would directly hold President Trump’s meme coin, Official Trump (TRUMP).

  • The token was launched in January before Trump’s inauguration, but has dropped 69% from its all-time high.

  • Bloomberg’s Eric Balchunas questioned whether the ETF can clear regulatory hurdles, an pointed out the lack of a futures product, though it could pursue approval under the Investment Company Act of 1940.

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