Bitwise Chainlink ETF was added to DTCC’s “coming soon” list, while Canary Capital is set to launch the first XRP spot ETF in the US.
Bitwise Chainlink ETF Appears on DTCC, Canary Capital's XRP ETF Set to Launch
The crypto ETF market in the US continues to be vibrant with two notable developments with Bitwise's Chainlink spot ETF officially added to the "active/pre-launch" category by DTCC (Depository Trust & Clearing Corporation), while Canary Capital has filed Form 8-A for XRP ETF, preparing for the launch process in the next few days.
Bitwise Chainlink ETF Appears on DTCC
- According to public data on the DTCC website , the first spot ETF tracking the price of Chainlink (LINK) issued by Bitwise Asset Management has been listed in the “active and pre-launch” category, with the trading symbol CLNK. DTCC is the largest securities depository, settlement and clearing organization in the US, where most ETFs and stocks are registered before official listing.
- The appearance of an ETF in this category does not 100% guarantee its launch, but is XEM as a very positive signal, showing that the SEC's review process is in its final stages.
- Previously, Bitwise filed an S-1 for the Chainlink ETF in August 2025, becoming the first in the market to file for this asset.
- A month later, Grayscale quickly proposed the same, adding a partial Staking feature of LINK to increase yield, while Bitwise did not apply a Staking mechanism to the CLNK fund.
- Chainlink is a project that solves the fundamental problem of blockchain, which is the ability to connect to data sources outside the blockchain. Since launching the mainnet in May 2019, Chainlink has always focused on the oracle problem and provided solutions for integrating off-chain information from quality sources.
- The LINK Token is used to pay fees to node operators and ensure network security through Staking. As of the time of writing, the LINK price is trading around $15.37, down 7.5% in the last 24 hours.
LINK price movement in the last 24 hours, screenshot at 12:10 PM on 12/11/2025
Canary Capital prepares to launch the first XRP ETF in the US
- In parallel, Canary Capital also officially filed Form 8-A with the US Securities and Exchange Commission ( SEC ) on Monday evening. These are usually the final steps before an ETF is put into trading.
- According to Bloomberg ETF analyst Eric Balchunas, the 8-A filing suggests the fund could launch as soon as the next few days, similar to the process of Hedera ETFs (HBAR) launching in October 2025.
Canary filed 8A for XRP ETF last night, which points to launch tomorrow or Thursday (today is holiday). Thursday was the day we thought they'd be on track for but when they did the 8A for HBAR they launched the next day. Not done deal but all boxes are checked. Stay tuned.. pic.twitter.com/gVt9c3psmu
— Eric Balchunas (@EricBalchunas) November 11, 2025
- Journalist Eleanor Trent added that when Nasdaq confirms the listing at 5:30 PM on November 13, all legal procedures will be completed and the fund will officially open for trading on November 14.
- In addition, Canary Capital's XRP ETF was established under the Securities Act of 1933, allowing the fund to hold XRP Token directly, similar to how Bitcoin spot ETFs currently operate.
- Analysts XEM this as a historic step, as it brings XRP back to the US financial market after years of being affected by the lawsuit with the SEC.
- However, Canary is not the only one pursuing this product. According to data from DTCC, there are currently many other "big guys" waiting for approval for XRP ETFs including: Bitwise, Franklin Templeton, 21Shares and CoinShares.
- These filings are all listed by DTCC in the “pre-launch” category, showing that the funds have completed most of the technical requirements and are just waiting for the SEC to give the green light.
- Despite this, XRP price is down more than 5% in the last 24 hours and is currently trading around $2.40.
XRP price movement in the last 24 hours, screenshot at 12:10 PM on November 12, 2025
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