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#Gate广场圣诞送温暖 The next altcoin ETF that is likely to be launched soon is Chainlink (LINK).
Currently, two major institutions have officially submitted applications for a Chainlink spot ETF, namely Bitwise and Grayscale.
Bitwise's Chainlink ETF has been moved to the "pre-launch" stage by DTCC, which is essentially the final step before listing. It usually takes just a few weeks to 1 month before official trading, and it should be visible by December!
Compared to the already launched SOL, XRP, and DOGE, LINK's positioning is more inclined towards essential infrastructure—Oracle is the lifeline of the entire DeFi and RWA.
Once approved, the inflowing funds will not be short-term speculative money, but rather institutional funds that are more medium- to long-term oriented, resulting in stronger sustainability!