ChainLink wavers: The plunge of LINK derails Grayscale's ETF
Chainlink's LINK token has declined, complicating the outlook for Grayscale's proposed exchange-traded fund tied to the asset. The downturn highlights how token volatility and market conditions can affect the prospects for crypto…
Cointribune
Publisher
Aug 9, 2026 at 12:34 AM UTC · 4 분 소요
Entities
chainlink, grayscale
Last Updated
16일 전
핵심 요약
- LINK's price drop has weakened sentiment around a potential Grayscale-linked ETF.
- Crypto ETF plans remain sensitive to underlying asset performance and broader market conditions.
- The report underscores continued volatility in the Chainlink ecosystem.
Summarize this article with:
The ETF market is experiencing a mixed quarter, as some products struggle to maintain their growth. ChainLink illustrates this situation with a fund whose value depends directly on a single asset. Launched on NYSE Arca in December 2025, Grayscale’s product started with solid inflows. Since then, the drop in LINK has reduced its net asset value and slowed its net assets. The latest quarterly report thus confirms a marked slowdown, without signaling any massive investor withdrawals.
In Brief
- The ChainLink ETF at Grayscale shows $72.2 million in net assets.
- LINK dropped 18% in the second quarter.
- GLNK shows an unrealized loss of about $16.4 million.
- The fund’s assets remain almost stable despite new capital inflows.
- Grayscale applies an annual fee of 0.35% on the ETF.
A Difficult Second Quarter for ChainLink
On August 7, Grayscale filed a 10-Q form with the United States Securities and Exchange Commission (SEC). The document concerns the Chainlink Trust, which became an ETF under the symbol GLNK in December 2025.
As of June 30, the fund’s net asset value was $72.2 million. This level remains close to the $73 million recorded in April, despite previously observed capital inflows. The report mainly shows the effect of the price drop on the product’s overall value. At the end of the second quarter, the token was worth $7.25, compared to $8.77 during the previous quarterly filing in May. The decline thus reached 18% over three months, according to figures provided by Grayscale.
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