Grayscale ChainLink ETF Hit by LINK Price Decline

The Grayscale ChainLink ETF (GLNK) has seen its net asset value decline due to the drop in LINK's price. Launched on NYSE Arca in December 2025, GLNK had initially shown strong growth, with $41 million in inflows on its first day of trading and assets under management reaching $64 million in less than 48 hours.

However, since then the fund has slowed down significantly. Despite new capital inflows, the net asset value remains at $72.2 million, which is close to the $73 million recorded in April. The drop in LINK's price from $8.77 to $7.25 has resulted in an unrealized loss of about $16.4 million on GLNK's holdings.

Grayscale applies an annual fee of 0.35% on the ETF, which amounts to around $136,000 for the semester ended June 30. The fund's growth rate has paused, and its trajectory did not materialize as initially projected. Net assets remain at $72.2 million, far from the most conservative growth scenario.