Holds LINK, the Chainlink token, so each share tracks LINK's index price less the trust's expenses.
GLNK, the Grayscale Chainlink Trust ETF Shares, is a $174 million ETF whose main story is onchain infrastructure. Over the past year it returned −52.9%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.
The narrative it carries
This is its only narrative.
Onchain infrastructure →
Network tokens such as Solana, and the blockchain companies building payment and trading systems on them.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | BSOL | 20.6% | $1.33bn | – | – |
| 2 | ETH | 16.6% | $2.51bn | −39.8% | 0.15% |
| 3 | ETHE | 12.9% | $1.95bn | −41.3% | 2.50% |
| 4 | ETHB | 7.8% | $1.18bn | – | 0.25% |
| 5 | FSOL | 5.3% | $239.3m | – | – |
| 42 other ETFs | 36.8% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 47 ETFs on the narrative page →
FRI OCT 2MARKET PRICE TOTAL RETURN
| 1M | 3M | YTD | 1Y | 3Y* | 5Y* | |
|---|---|---|---|---|---|---|
| GLNK | +22.2% | +74.7% | +10.3% | −52.9% | – | – |
| Onchain infrastructureits narrative | +15.1% | +49.2% | +0.3% | −37.2% | +33.2% | +1.3% |
| The marketbroad US ETFs | +0.8% | +2.6% | +14.6% | +16.8% | +22.9% | +12.9% |
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on July 9, 2024: −59.8% a year.
$10,000 invested July 31, 2024
Year by year
Total return in each calendar year; this year is year to date. A year appears only if GLNK traded for all of it.
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
How closely it moves
GLNK moves largely apart from the market. When the market has moved 1%, GLNK has tended to move 1.96%.
GLNK moves partly with onchain infrastructure. When onchain infrastructure has moved 1%, GLNK has tended to move 1.35%.
Weekly returns over 116 weeks. The narrative is measured without GLNK in it, so it is not compared with itself.
ETFs it moves most and least like
Correlation of weekly returns over the last 3 years, among unlevered ETFs StoryVector covers.
Where it sits in Onchain infrastructure
Each dot is one of 5 unlevered ETFs whose main narrative is onchain infrastructure, placed by its return (up) and how much it swung (right) over the last year.
Risk
Cost against its peers
GLNK is the 1st cheapest of 16 ETFs in onchain infrastructure. The dashed line is the middle of the group, 0.42% a year.
How it is built
An unlevered long ETF. It counts toward Share of Narrative.
Narrative exposure
Common questions
What story is GLNK selling?
GLNK’s main story is onchain infrastructure, which covers network tokens such as Solana, and the blockchain companies building payment and trading systems on them.
Which ETFs compete with GLNK?
The ETFs whose weekly returns move most like GLNK’s over the past 3 years are MTYY (0.67), BFOC (0.61) and BFJL (0.56).
How has GLNK performed against its story?
Over the past year GLNK returned −52.9%, the ETFs carrying onchain infrastructure −37.2% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.54 with the story. Past performance only.
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