Grayscale Chainlink Trust ETF

Grayscale Chainlink Trust ETF is a Delaware statutory trust designed to provide investors with exposure to Chainlink (LINK) through shares that are backed by LINK held by the trust. It is a passive investment vehicle rather than an operating company, and its value is driven primarily by the market price of LINK, the trust’s holdings, and trust expenses.

— Grayscale Chainlink Trust ETF
%
Investment Trust Shares100% Exchange-traded shares representing beneficial ownership in a trust that holds LINK.
Creation and Redemption Activity0% Basket issuance and redemption mechanics used by authorized participants to move in and out of the trust.

The trust’s customers are investors seeking regulated, brokerage-account access to Chainlink exposure without directly...

  • Authorized Participantsprimary

    Financial institutions that create and redeem baskets in exchange for LINK, enabling the ETF structure to function.

  • Retail brokerage investorsprimary

    Individuals buying shares on NYSE Arca for simple, account-based exposure to LINK price movements.

  • Institutional digital asset allocatorssecondary

    Funds and professional investors using the trust as a regulated wrapper for portfolio exposure to Chainlink.

  • Crypto-native traderssecondary

    Market participants who prefer exchange-traded exposure over direct token custody and wallet management.

The trust is organized in Delaware and administered from the United States, with shares trading on NYSE Arca...

  • •U.S.-domiciled Delaware statutory trust
  • •Managed from Stamford, Connecticut by the sponsor
  • •Shares trade on NYSE Arca in the United States
  • •LINK pricing depends on global digital asset markets
  • •U.S. regulation is the main jurisdictional risk

The trust’s strategy is to maintain passive exposure to LINK by holding the token and reflecting its value through...

01
Preserve passive LINK exposureshort-term

The trust exists to track LINK value as closely as possible after expenses.

02
Improve market access and liquidityshort-term

Redemptions and exchange trading make the product easier to use for investors and APs.

03
Maintain operational simplicitymedium-term

A passive trust structure reduces operating complexity and keeps the product focused on token exposure.

The trust’s performance is highly exposed to LINK price volatility, regulatory developments, and the market’s...

critical

Extreme LINK price volatility

The trust’s net asset value and share price move with LINK, so token drawdowns directly hit investors.

Scope
All shareholders
Materiality
high
high

Regulatory or securities-law action

The SEC or other regulators could restrict LINK trading, custody, or the trust’s structure.

Scope
U.S. market access and product viability
Materiality
high
high

Chainlink Network adoption slows

The trust depends on continued use and perceived utility of LINK within the network.

Scope
Long-term token demand
Materiality
high
high

Concentrated token ownership

Large holders can move market price materially if they sell or distribute LINK.

Scope
LINK market price
Materiality
medium
medium

Digital asset market infrastructure risk

Trading platforms, pricing sources, and liquidity providers are essential to valuation and creations/redemptions.

Scope
NAV calculation and secondary-market liquidity
Materiality
medium
Fair value measurement of LINK
Principal-market price versus index price can change reported NAV
Realized and unrealized gains/losses
Earnings can swing materially with LINK price moves
Creation and redemption accounting
Can change both asset balances and period performance
Non-GAAP NAV presentation
Investors must compare both measures carefully

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: 28/04/2026