Chainlink ETF's Net Assets Plunge Amid Token Price Drop

Grayscale's Chainlink Trust exchange-traded fund (ETF), ticker GLNK, has seen its net assets sink to $72.2 million after a rough second quarter for LINK, the token it holds.

The decline comes after LINK's price dropped by 18% in the three months ended June 30, from $8.77 to $7.25, dragging down the trust's net asset value (NAV) per share to $6.38.

Grayscale charges a 0.35% annual fee on GLNK's assets, which remains unchanged since the fund converted from a Delaware trust in December 2025.