Bitwise Asset Management is on the verge of launching a Chainlink ETF, pending approval from the U.S. Securities and Exchange Commission (SEC) expected in November 2025. The ETF is currently listed as 'active and pre-launch' on the DTCC registry, indicating readiness for market entry once regulatory clearance is obtained. The introduction of a Chainlink ETF could significantly impact institutional interest in altcoins, potentially setting a new standard for similar financial products. However, the SEC's decision has been delayed due to recent government shutdowns, leaving market participants in anticipation as they await the regulatory outcome.