Grayscale Chainlink Trust Reports $72.2 Million NAV, Down 2% from Previous Period

Grayscale Chainlink Trust ETF reported a net asset value (NAV) of $72.2 million as of June 30, 2026, reflecting a decrease of approximately 2% from $73.8 million at the end of the previous fiscal period. The Trust's principal market NAV per share fell to $6.38, down from $10.87 at the end of 2025. The decline in NAV was primarily attributed to a significant depreciation in the price of LINK, which dropped from $12.24 to $7.20 during the same period. The Trust's investment in LINK, which constitutes 100% of its assets, was valued at $72.2 million, down from $73.8 million at the end of 2025.

In terms of operational performance, the Trust experienced a net decrease in net assets resulting from operations of $41.2 million for the six months ended June 30, 2026, compared to a loss of $7.7 million for the same period in 2025. The Trust's expenses for the three months ended June 30, 2026, amounted to $73,000, a decrease from $104,000 in the prior year. The Trust issued 1,990,000 shares during the second quarter of 2026, significantly higher than the 32,300 shares issued in the same quarter of 2025, indicating increased investor interest.

The Trust's operational metrics showed a substantial increase in shares outstanding, which rose to 11,312,010 as of June 30, 2026, compared to 6,792,010 at the end of 2025. This increase was driven by the issuance of shares in connection with the creation of new baskets of LINK. The Trust's strategy remains focused on providing investors with exposure to LINK, and it continues to operate as a passive investment vehicle without engaging in active trading or leveraging strategies.

Looking ahead, the Trust's management remains cautious due to the inherent volatility of the digital asset market, particularly concerning LINK. The Trust's future performance will be closely tied to the price movements of LINK and overall market conditions. The Sponsor has indicated that it will continue to monitor market trends and adjust its strategies accordingly, while also maintaining its commitment to transparency and compliance with regulatory requirements. The Trust's ability to navigate these challenges will be critical in sustaining investor confidence and achieving its investment objectives.