If you were strolling along the bustling avenues of that chaotic bazaar known as social media, you may have tripped over a most peculiar rumor: the mighty Securities and Exchange Commission, in a fit of unprecedented generosity, has bestowed its sacred blessing upon ProShare Trust to launch an ETF for the mysterious and ever-elusive Chainlink ($LINK) on the grandest of all days—April 29, 2025. Oh, what rejoicing! Choirs sang, Twitter birds tweeted, and industrious keyboard speculators prepared their carriages (or, you know, their Robinhood accounts).
🔥 LATEST: The SEC has approved a public launch date of April 29 for ProShares Trust’s $LINK ETF.
— Junko Suzuki – CRC Advisors (@Junko__Suzuki) April 27, 2025
But alas! Let us peel away the festive masks and peer into the candlelit shadows behind this masquerade. A certain document, waved about like an icon at a village procession, turns out to be as stale as last year’s herring—dating all the way back to December 2023, and belonging not to the vaunted ProShares Trust but rather to the humble iShares Link ETF.
Did the SEC or ProShares whisper so much as a vague hint about blessing this $LINK ETF for an April 29 spectacle? No more than a melancholic bureaucrat whispering sweet nothings to his filing cabinet. Even the sacred document offered up as proof is older than your neighbor’s samovar. Tie it to a brand-new launch? You’d have better luck tying a frock coat to the wind.
The village square is split: some peasants clutch their rubles ready to invest, others see through the fog and recognize the usual tale—a pump, a dump, a market trickster vanishing into the night with pockets jingling. Digital assets are forests thick with such mischievous sprites.
Should you wish to avoid being led by the nose, consult the holy scrolls of ProShares or venture forth into the legendary EDGAR database—though be prepared, for it is said that many have entered, and few have returned unscathed by bureaucratic bafflement. For now, the verdict stands firm: no $LINK ETF approval, at least not one born of this particular rumor.
Gossip, however, never sleeps. There are whisperings from the shrewd and ever-hopeful Tuttle Capital, who now seeks an audience with the SEC oracle regarding Chainlink. Bring popcorn—or perhaps a strong cup of tea—as the next act awaits.
🪆 Moral of the story: Before buying the rumor, check if the rug isn’t about to be pulled from under you. 😉
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2025-04-29 16:10