{"id":76534,"date":"2026-08-08T14:30:20","date_gmt":"2026-08-08T14:30:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/grayscales-chainlink-etf-sinks-to-72m-after-links-18-slide\/"},"modified":"2026-08-08T14:30:20","modified_gmt":"2026-08-08T14:30:20","slug":"grayscales-chainlink-etf-sinks-to-72m-after-links-18-slide","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/grayscales-chainlink-etf-sinks-to-72m-after-links-18-slide\/","title":{"rendered":"Grayscale&#8217;s Chainlink ETF Sinks to $72M After LINK&#8217;s 18% Slide"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Grayscale filed GLNK\u2019s Q2 2026 10-Q with the SEC on August 7, reporting $72.2 million in net assets.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">LINK\u2019s price dropped from $8.77 to $7.20 during the quarter, an 18% decline that cut NAV per share to $6.38.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The trust\u2019s annual fee stays at 0.35% after Grayscale\u2019s December 2025 cut from 2.5% at conversion.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A Routine Filing With Alarming Numbers<\/h2>\n<p>The <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1852025\/000185202526000007\/glnk-20260630.htm\" target=\"_blank\" rel=\"noopener noreferrer\">quarterly report, covering the three months<\/a> ended June 30, shows the Grayscale Chainlink Trust ETF (GLNK) holding 10,030,901.11 LINK tokens as its sole asset. At the fund\u2019s principal-market close, that stake was worth $72.2 million, unchanged in token count from the prior quarter but down sharply in dollar terms as Chainlink\u2019s price slid.<\/p>\n<figure id=\"attachment_837786\" aria-describedby=\"caption-attachment-837786\" style=\"width:1456px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-837786\" class=\"wp-caption-text\">Image source: SEC.gov<\/figcaption><\/figure>\n<p>10-Q filings are routine disclosures every U.S.-listed fund must submit each quarter, and GLNK\u2019s paperwork doesn\u2019t break new regulatory ground. But the numbers inside it capture a token that has struggled since institutional investors got direct access to it. GLNK <a href=\"https:\/\/etfs.grayscale.com\/glnk\" target=\"_blank\" rel=\"noopener noreferrer\">began trading on NYSE Arca<\/a> on December 2, 2025, converting a Delaware trust that Grayscale had run privately since 2020 into a fund anyone with a brokerage account could buy.<\/p>\n<p>GLNK\u2019s fast route to market traces back to a rule change less than a year old. The <a href=\"https:\/\/www.sec.gov\/newsroom\/speeches-statements\/peirce-statement-commodity-based-etps-091725\" target=\"_blank\" rel=\"noopener noreferrer\">SEC approved generic listing standards<\/a> for crypto exchange-traded products in September 2025, letting exchanges like NYSE Arca list qualifying crypto trust conversions without the individualized rule-filing process that used to take the better part of a year. Grayscale used that faster runway to bring GLNK, along with several other single-asset trust conversions, to market within months.<\/p>\n<h2>LINK\u2019s Rough Quarter<\/h2>\n<p>The filing\u2019s most telling figure is the token price marked at quarter-end, which stood at $7.25 (June 30), down from $8.77 when the <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001852025\/000119312526214593\/glnk-20260331.htm\" target=\"_blank\" rel=\"noopener noreferrer\">prior 10-Q was filed in May<\/a>. That\u2019s an 18% drop in three months, and it dragged the trust\u2019s net asset value (NAV) per share down to $6.38. Grayscale\u2019s own math shows the toll, sitting on an unrealized loss of roughly $16.4 million on the LINK stake for the quarter alone (even with the token count untouched).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-837787\" title=\"Grayscale's Chainlink ETF Sinks to $72M After LINK's 18% Slide\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/grayscales-link-etf-discloses-an-18-chainlink-slide-in-new-filing2_nwmk.jpg\" alt=\"Grayscale's Chainlink ETF Sinks to $72M After LINK's 18% Slide\" width=\"1141\" height=\"723\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/grayscales-link-etf-discloses-an-18-chainlink-slide-in-new-filing2_nwmk-300x190.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/grayscales-link-etf-discloses-an-18-chainlink-slide-in-new-filing2_nwmk-1024x649.jpg 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/grayscales-link-etf-discloses-an-18-chainlink-slide-in-new-filing2_nwmk-768x487.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/08\/grayscales-link-etf-discloses-an-18-chainlink-slide-in-new-filing2_nwmk.jpg 1141w\" sizes=\"auto, (max-width: 1141px) 100vw, 1141px\"\/><\/p>\n<p>Chainlink, the oracle network that feeds external data and price information to smart contracts on Ethereum and other blockchains, has had a volatile run since GLNK\u2019s launch. And LINK isn\u2019t alone, given that most altcoins tied to onchain infrastructure have taken a beating this year even though bitcoin ETFs have <a href=\"https:\/\/news.bitcoin.com\/bitcoin-etfs-add-69-million-as-7-session-streak-nears-1-billion\/\">staged a partial recovery<\/a> in recent weeks.<\/p>\n<p>For a single-asset trust like GLNK, there\u2019s no diversification cushion since the fund\u2019s fortunes move exactly as LINK\u2019s price does, for better or worse.<\/p>\n<h2>A Growth Story That Stalled<\/h2>\n<p>GLNK\u2019s launch was strong by crypto-ETF standards. The fund pulled in $41 million in inflows on its first trading day, pushing assets under management to roughly $64 million within 48 hours. By April, AUM had climbed further to about $73 million, and some analysts projected the fund could reach $150 million to $300 million in a base case by mid-2026, with a bullish scenario running as high as $400 million to $600 million.<\/p>\n<p>Those projections haven\u2019t played out as the Q2 filing puts net assets at $72.2 million, essentially flat with April\u2019s figure and well short of even the conservative growth case. That\u2019s not because investors pulled money out (since the LINK token count held steady all quarter) but simply because new inflows got absorbed by the 18% price decline.<\/p>\n<h2>Lower Fees, Same Playbook<\/h2>\n<p>One number in the filing that hasn\u2019t moved is the sponsor\u2019s fee. Grayscale charges 0.35% annually on GLNK\u2019s assets, a rate it locked in when the trust converted to an ETF in December 2025 (down from the 2.5% it charged accredited investors under the old private-trust structure).<\/p>\n<p>Grayscale also waived a portion of that fee through early March 2026 to smooth the transition, a pattern it has used across its other trust-to-ETF conversions. For the six months ended June 30, GLNK\u2019s sponsor\u2019s fees totaled roughly $136,000 against the fund\u2019s average net assets, consistent with the stated 0.35% annual rate. It\u2019s a small number next to the $16.4 million quarterly paper loss, but it shows how thin these single-asset crypto funds run.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/grayscale-chainlink-etf-glnk-10q-link-decline\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Grayscale filed GLNK\u2019s Q2 2026 10-Q with the SEC on August 7, reporting $72.2 million in net assets. LINK\u2019s price dropped from $8.77 to $7.20 during the quarter, an 18% decline that cut NAV per share to $6.38. The trust\u2019s annual fee stays at 0.35% after [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":76535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76534"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76534"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76535"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}