Grayscale's Chainlink ETF Takes a Hit After LINK's 18% Price Drop

Grayscale's Chainlink Trust ETF (GLNK) has seen its net assets decline to $72.2 million after Chainlink's price dropped by 18% in Q2, according to a recent SEC filing.

The quarterly report shows the fund holding 10,030,901.11 LINK tokens as its sole asset, which were worth $72.2 million at the end of June, down sharply from the prior quarter due to Chainlink's price slide.

This marks a significant drop from the fund's launch in December 2025, when it pulled in $41 million in inflows on its first trading day and had assets under management of roughly $64 million within 48 hours.