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Grayscale's Chainlink ETF drops to $72M after LINK token falls 18% in Q2 2026

Market News
08 Aug 2026
Bitcoin
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Bearish
Grayscale's Chainlink ETF drops to $72M after LINK token falls 18% in Q2 2026

Grayscale's Chainlink Trust ETF (GLNK) reported $72.2 million in net assets for Q2 2026, down due to an 18% drop in the LINK token price from $8.77 to $7.20. The fund's net asset value per share fell to $6.38, reflecting a $16.4 million unrealized loss despite stable token holdings. GLNK launched in December 2025 with strong initial inflows but has since seen flat asset growth due to price declines. The annual fee remains at 0.35%, significantly lower than the previous private trust rate.

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