Bittwaise Asset Management filed to launch an exchange-traded fund, which catches and tracks the self-examination of the Crypto Oracle platform chainlink.
A Admission On Tuesday, with the US Securities and Exchange Commission, Fund will trade as bitwaiz Chanlink ETFs, designated as Custodian for funds with coinbase detention.
The ETF has planned to catch and introduce in-in-redemption for chainlink (link), allowing investors to buy and sell shares using link tokens.
Bitwaiz did not disclose the ticker symbol, the exchange will be listed to its ETF or at what fee it will be fee.
This is the first time the ETF Tracking Chenlink has been filed in the US. Bitwaiz presented a form S -1 for the fund, but further paperwork to kick the SEC approval process is called Form 19 B -4.
Link benefits on ETF filing
Between the filing of bitwaiz and a broad market benefit, the price of the link was from 4.2% to $ 24.18 in the last 24 hours, According For coingecko.
The link has increased by more than 26% in the last 30 days, but still exceeds the peak of about $ 53 in May 2021.
Focus on Altcoin ETF
The Trump administration has taken a friendly tone towards Crypto, which is the leading fund issuer to flood SEC with filing to SEC for Crypto-Link ETF.
Bitwaiz has seen success with its ETF Tracking Bitcoin (BTC) and Ether (ETH), which has related assets under management $ 2.26 billion And $ 460 millionAccording to Persian Investors.
On Saturday, the asset manager Vanak filed with the SEC, which is a liquid stacking token to offer an ETF based on gitosol that offers stacking rewards. If approved, it will be the first ETF in the US that provides investors the ability to invest in digital assets that provide stacking rewards.
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On Friday, Grassscale Investments demanded the approval of SEC to convert their existing trust into ETF on the basis of avalanche (AWACS).
Meanwhile, Canary Capital has filed two ETF product offerings in this month, trying to launch an ETF with its filing on Tuesday, which holds the official Trump (Trump), which was launched by US President Donald Trump a few days before his inauguration.
Its second ETF filing on Friday was for the Canary American-made Crypto ETF (MRCA), which would offer to come in contact with a basket of crying or operated cryptocurrency made in the US.
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