# Grayscale Chainlink Trust ETF

Grayscale Chainlink Trust ETF is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** grayscale.com

## Regulatory record

- **Reports private funds:** No

## About

Grayscale Investments, a subsidiary of Digital Currency Group, established the Grayscale Chainlink Trust ETF within its suite of single-asset crypto trusts and converted the vehicle to an ETF structure in 2023. The ETF tracks Chainlink’s LINK token, which supports decentralized oracle services for blockchain smart contracts, charges a 2.5 percent annual fee, and reported roughly 50 million dollars in assets under management by early 2024. Grayscale maintains offices in New York and Stamford, Connecticut; its other products include single-asset trusts for Bitcoin, Ethereum, Litecoin and additional tokens, and the firm filed for a multi-asset crypto ETF in April 2024.

## Sectors

- Digital Assets
- Crypto Infrastructure

## Questions

### Who manages the Grayscale Chainlink Trust ETF?

The fund is managed by Grayscale Investments, a Digital Currency Group subsidiary. Michael Sonnenshein served as CEO of Grayscale through 2024; his current role and specific fund managers are not publicly identified. The investment decisions are passive — the fund holds LINK tokens in custody, not actively traded.

### How does the ETF differ from holding Chainlink directly?

The ETF trades on a US exchange and can be bought through any brokerage, avoiding the need for cryptocurrency self-custody or using unregulated exchanges. It provides daily liquidity and potential tax benefits of a regulated security. However, it charges a 2.5% annual management fee, whereas direct holding has no ongoing fee beyond exchange spread.

### Is the fund suitable for institutional allocators?

Yes — the ETF structure is designed for institutional investors who cannot hold crypto directly due to compliance, custody, or tax constraints. It offers a familiar wrapper: a CUSIP, daily NAV calculation, and audited financials filed with the SEC. Major wirehouses like Morgan Stanley and UBS can include it in advisory accounts.

### Does the trust generate any yield from staking?

No. The Grayscale Chainlink Trust ETF does not stake its LINK holdings. Chainlink does not use proof-of-stake consensus; the tokens are held in custody without generating yield. The fund's return is solely based on LINK's market price appreciation or depreciation.

### What is Chainlink's blockchain network used for?

Chainlink is a decentralized oracle network that bridges smart contracts on blockchains like Ethereum with real-world data — such as asset prices, weather data, or sports scores. It enables trustless execution of contracts that depend on off-chain information. Its LINK token is used to pay node operators for this data-fetching service.

### How is Grayscale structurally different from other crypto ETF issuers?

Grayscale pioneered the conversion of private crypto trusts into SEC-registered ETFs, leveraging a regulatory pathway that allowed it to offer single-asset ETFs before most peers. It is owned by Digital Currency Group, a crypto conglomerate that also owns CoinDesk and the Genesis trading desk. This vertical integration gives Grayscale broad market insight but also subjects it to parent-company risks.

## Related profiles

- [Grayscale Basic Attention Token Trust (BAT)](https://altss.com/profile/grayscale-basic-attention-token-trust-bat)

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Last updated: 2026-07-11T16:24:49.000Z

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