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.

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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. Bitwise Chainlink ETF and Grayscale Chainlink Trust ETF.

+0.2%

CLNK returned, since launch

−46.4%

GLNK returned, 1 year

−1.6 pts

CLNK against Chainlink, in percentage points

not comparable

GLNK against Chainlink

CLNK · since launch to Sep 30, 20261.6 pts from Chainlink

CLNK since launch: fund +0.17%, Chainlink +1.78%, 1.61 pts behind Chainlink.

GLNK · 1 year to Sep 30, 2026Thinly traded, not compared

GLNK over 1 year: fund −46.38%, Chainlink −32.62%, thinly traded so not compared.

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

	Total return		The coin over the same days		Difference, percentage points
Window	CLNK	GLNK	CLNK	GLNK	CLNK	GLNK
1 month	+22.3%	+24.5%	+26.9%	+26.9%	−4.6 pts	not comparable
3 months	+91.7%	+92.7%	+95.3%	+95.3%	−1.9% of its growth	not comparable
6 months	+56.6%	+57.1%	+60.6%	+60.6%	−2.5% of its growth	not comparable
1 year	not published	−46.4%	not published	−32.6%	not published	not comparable
Since each listed CLNK Jan 2026 · GLNK May 2022	+0.2%	+59.5%	+1.8%	+98.9%	−1.6 pts	not comparable

CLNK and GLNK over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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 259 days 1,595 days

Days it has traded 179 1,079

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 +0.2% −46.4%

The coin over the same days +1.8% −32.6%

Difference, percentage points −1.6 pts not comparable

Fund returned since it listed +0.2% +59.5%

Difference since it listed −1.6 pts not comparable

Price $25.68 $12.6

CLNK and GLNK on the same fields, as of Sep 30, 2026. Source: ETFIQ.

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 30, 2026, Chainlink moved +1.8% and CLNK returned +0.2%. That leaves it 1.6 percentage points behind. 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 finished 1.6% behind Chainlink, so the fee is less than the whole difference and the rest is what the market paid for the shares, which moved against holders. 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). Over the window ETFIQ measures it did not finish ahead of Chainlink’s own price, so whatever it earned did not cover its costs. 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 30, 2026, Chainlink moved −32.6% and GLNK returned −46.4%. That leaves it not comparable. GLNK closed unchanged on 153 of its 1079 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).

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

CLNK on its own →GLNK on its own →How every figure is computed →Standards and sources →

Where these figures came from

CLNK filings on SEC EDGAR ↗Bitwise website ↗GLNK filings on SEC EDGAR ↗Grayscale website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, CLNK against GLNK, data as of Sep 30, 2026. https://etfiq.com/compare/crypto/clnk-vs-glnk

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.