Data as of .
CLNK vs GLNK: which tracked its coin?
GLNK closed unchanged on more than a twentieth of its trading days, so its difference from Chainlink is not comparable with CLNK’s.
The same coin, two trusts
CLNK and GLNK hold the same asset. Both are 1933 Act trusts holding Chainlink through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. GLNK closed unchanged on more than a twentieth of its trading days, so its distance from Chainlink is a quote nobody moved rather than a cost a holder paid, and ETFIQ neither prints it nor ranks it. GLNK has 1,336 more days of record than CLNK, and a longer record is a longer window over which a cost can show itself.
Performance, window by window
| Window | Total return | The coin over the same days | Difference, percentage points | |||
|---|---|---|---|---|---|---|
| CLNK | GLNK | CLNK | GLNK | CLNK | GLNK | |
| 1 month | +32.8% | +32.4% | +33.2% | +33.2% | −0.4 pts | not comparable |
| 3 months | +47.6% | +47.4% | +46.8% | +46.8% | +0.8 pts | not comparable |
| 6 months | +26.7% | +26.6% | +27.0% | +27.0% | −0.3 pts | not comparable |
| 1 year | not published | −74.1% | not published | −52.8% | not published | not comparable |
| Since each listed | −17.6% | +30.0% | −18.2% | +59.9% | +0.6 pts | not comparable |
| CLNK Bitwise Chainlink ETF Holds Chainlink through a custodian, listed Jan 14, 2026 | GLNK Grayscale Chainlink Trust ETF Holds Chainlink through a custodian, listed May 19, 2022, quoted thinly | |
|---|---|---|
| Sponsor | Bitwise | Grayscale |
| Holds | Chainlink | Chainlink |
| Net assets | $20m, balance sheet of Jun 30, 2026 | $72m, balance sheet of Jun 30, 2026 |
| Sponsor’s fee | 0.34% | 0.35% |
| Fee waiver | the whole fee, until April 13, 2026 | none |
| Staking | the filings say it does | the filings say it does |
| Listed | Jan 14, 2026 | May 19, 2022 |
| Days since listing | 240 days | 1,576 days |
| Days it has traded | 166 | 1,066 |
| Days it closed unchanged | 0 | 153 |
| Quoted | on an exchange, every trading day | thinly, and not ranked against funds that trade daily |
| Fund returned, 1 year or since launch | −17.6% | −74.1% |
| The coin over the same days | −18.2% | −52.8% |
| Difference, percentage points | +0.6 pts | not comparable |
| Fund returned since it listed | −17.6% | +30.0% |
| Difference since it listed | +0.6 pts | not comparable |
| Price | $21.1206 | $10.27 |
CLNK in plain words
CLNK holds Chainlink through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, Chainlink moved −18.2% and CLNK returned −17.6%. That leaves it 0.55 of a percentage point ahead. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. CLNK charges 0.34% a year and still finished 0.6% ahead of Chainlink, which a fee cannot do on its own. Chainlink is a proof of stake chain, so a fund holding it can stake. CLNK’s own filings say it does (10-Q, Aug 12, 2026). It charges 0.34% and finished only −0.6% behind Chainlink, so staking covered about 0.9% of that fee over these days. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Chainlink it custodies.
GLNK in plain words
GLNK holds Chainlink through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the year to Sep 11, 2026, Chainlink moved −52.8% and GLNK returned −74.1%. That leaves it not comparable. GLNK closed unchanged on 153 of its 1066 trading days. A price that does not move is a price nobody traded at, so its difference against Chainlink describes the days somebody did trade rather than the fund, and ETFIQ does not rank it against funds that trade every day. GLNK’s own filings say it does (424B3, Apr 16, 2026). Over the window ETFIQ measures it did not finish ahead of Chainlink’s own price, so whatever it earned did not cover its costs.
Questions people ask
- Can CLNK and GLNK be compared on tracking?
- GLNK closed unchanged on more than a twentieth of its trading days. A price that does not move is a price nobody traded at, so the difference from Chainlink describes the days somebody did trade rather than the fund, and ETFIQ publishes it nowhere and ranks it against nothing.
- Do CLNK or GLNK pay a staking yield?
- Chainlink is a proof of stake chain, so staking is possible. Whether either trust stakes, and what the sponsor keeps of it, is a term in its own filings and is read from those rather than assumed.
- What is the difference between CLNK and GLNK?
- Both hold Chainlink through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. CLNK is sponsored by Bitwise and listed Jan 14, 2026; GLNK by Grayscale, listed May 19, 2022.
- Which is cheaper, CLNK or GLNK?
- CLNK charges 0.34% a year and GLNK charges 0.35%, so CLNK is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, CLNK against GLNK, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/CLNK-GLNK Free to use with attribution; the underlying files are at Open data.