Chainlink Falls 3.3% as Bitwise ETF Appears on DTCC Registry

Chainlink's LINK token dropped 3.3% in 24 hours despite Bitwise's proposed Chainlink ETF appearing on the DTCC eligibility list under ticker CLNK. The listing represents a procedural milestone toward potential launch, though SEC approval remains pending. A 42-day government shutdown has stalled crypto ETF reviews, creating a backlog of applications.