Skip to content
etf.net

CLNK vs HYPG

Bitwise Chainlink ETF Beneficial Interest

CLNKBNYSE Arca

Grayscale Hyperliquid Staking ETF

HYPGANasdaq

Overlap

0.0%by weight

Expense ratio

HYPG −0.05pt a year

CLNK0.34%HYPG0.29%

Avg volume · 30D

HYPG 2.6×the volume

CLNK38KHYPG97.3K

CLNK vs HYPG Performance

Jul 31, 2026 – Oct 30, 2026

+35.8%CLNK+73.4%HYPG

Jul 31, 2026 to Oct 30, 2026. CLNK +35.8%. HYPG +73.4%. Use the arrow keys to read each point.0%20%60%Jul 2026Sep 2026Oct 2026
Expense ratio
CLNK 0.34%
HYPG 0.29%, better
Fund size
CLNK $56M
HYPG $207M
Holdings
CLNK 1
HYPG 1
Avg volume (30D)
CLNK 38K sh
HYPG 97.3K sh, better
NAV per share
CLNK $21.22
HYPG $32.01
52W range

ETF.net Grade

CLNK: Cost 68, Risk 65, Mission 91, Tradability 45, Holdings not scored, Durability 57. HYPG: Cost 96, Risk 68, Mission not scored, Tradability 72, Holdings not scored, Durability 61.
Pillar letters and Scores for CLNK, HYPG, with each pillar’s weight
PillarCLNKHYPG
Cost30% weightB68A96Higher
Mission25% weightA91Not scored
Risk15% weightB65B68Higher
Tradability15% weightC45A72Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB57B61Higher

Rank among Crypto Spot funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CLNK and HYPG are both graded against the same 25 Crypto Spot funds, so their Grades compare head to head.

Crypto Spot⁠

Category · 25 funds
See all 25 ›

HYPG ranks 2nd and CLNK 6th of 25 funds in the Crypto Spot Category.

  1. Rank 1AXRPZFranklin XRP ETFScore 86
  2. Rank 2AHYPGGrayscale Hyperliquid Staking ETFScore 81
  3. Rank 3ATHYP21Shares Hyperliquid ETFScore 77
  4. Rank 5ATOXR21shares XRP ETFScore 73
  5. Rank 6BCLNKBitwise Chainlink ETF Beneficial InterestScore 69
  6. Rank 7BGXRPGrayscale XRP Trust (XRP)Score 68

Our read on each fund

ETF.net Research

CLNKBBitwise Chainlink ETF Beneficial Interest

HYPGAGrayscale Hyperliquid Staking ETF

In short

CLNK Not a bet on digital money but on blockchain plumbing. Chainlink's oracle network feeds outside data to smart contracts, and CLNK holds LINK directly in a trust so the coin's price move shows up in a normal brokerage account.

HYPG No data

Stated mandate

CLNK The Trust seeks exposure to the value of Chainlink it holds, net of operating expenses and liabilities. It holds Chainlink, accrues fees in U.S. dollars, and is passively managed.

HYPG No data

Why people hold it

  • CLNK Holds the coin itself, no futures and no roll mechanics: a passively managed grantor trust that tracks the value of the LINK it holds, net of expenses.
  • 0.34% a year sits right at the middle of the spot-crypto pack, and Bitwise ran the management fee at 0% for the fund's first three months after its January 2026 launch.bitwiseinvestments.com
  • LINK exposure arrives through a NYSE Arca listing: no crypto exchange account, no wallet, no seed phrase to guard.bitwiseinvestments.com
  • Among the stronger builds in its spot-crypto cohort on cost and structure, from an issuer that does crypto and little else.bitwiseinvestments.com

HYPG No data

Worth knowing

  • CLNK Not registered under the Investment Company Act, so those fund protections do not apply. Bitwise's own launch materials flag high risk, big swings, and possible total loss.bitwiseinvestments.com
  • One coin, one thesis, and no cash coming back: the trust pays no distributions and accrues its fee against the LINK position.
  • Some single-coin peers list at 0.30% (TSUI, TOXR, TDOT), and CLNK is a young, small fund that trades lightly, so spreads can run wider than on the giant crypto ETFs.

HYPG No data

Full CLNK profile⁠

Full HYPG profile⁠

CLNK vs HYPG Holdings

How CLNK and HYPG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of CLNK and 0.0% of HYPG.

Level by level

  • Holdings0 in both0.0%
  • Asset classAlternatives100%

Sector

No Sector split for CLNK and HYPG.

Country, concentration and asset class

Country by domicile

No country split for CLNK and HYPG.

Concentration

Weight in the 10 largest Holdings

  • CLNK100.0%
  • HYPG100.0%

Securities held

  • CLNK1
  • HYPG1

Asset class

CLNK
Alternatives
HYPG
Alternatives

Holdings

  • Only in CLNK1
  • In both0
  • Only in HYPG1

Only in CLNK

1 security, 100% of CLNK by weight

  • Chainlink100.00%

Only in HYPG

1 security, 100% of HYPG by weight

  • Hyperliquid100.00%

Weight gaps

CLNK and HYPG share no securities.

All 1 CLNK holdings⁠All HYPG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CLNK vs HYPG Cost

Overpaying CLNK vs HYPG

$980

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CLNK 0.34%

    $6,932

  • HYPG 0.29%

    $5,952

$10,000
30 years

Cost over time

  • CLNK 0.34%
  • HYPG 0.29%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530CLNK $6,932HYPG $5,952

Year by year

YearCLNKHYPGOverpaying
10$616$527$89
20$2,386$2,044$342
30$6,932$5,952$980

Expense ratio

  • 0.34%CLNK
  • 0.29%HYPG, cheaper
  • Middle half of Crypto Spot funds
  • Median 0.35%

HYPG 2nd cheapest of 25 funds

CLNK 7th cheapest of 25 funds

CLNK vs HYPG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
CLNK None
HYPG No data
Last payment
CLNK No data
HYPG $0.04
Ex-dividend
CLNK No data
HYPG Oct 5, 2026
Paid on
CLNK No data
HYPG Oct 6, 2026
Frequency
CLNK No data
HYPG Monthly

Distribution history

Per share, 2026, same scale for both

CLNKAll CLNK payments⁠

No distribution history available.

HYPGMonthly · 3 paymentsAll HYPG payments⁠
One bar per payment. 3 payments in 2026 YTD. Aug 4, 2026 $0.03; Sep 3, 2026 $0.03; Oct 5, 2026 $0.04. Use the arrow keys to read each point.$0$0.032026YTD

CLNK vs HYPG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
CLNK 0.75HYPG 3.80

CLNK and HYPG in the news

All news⁠

Popular comparisons

  • CLNKBvsXRPZA

    Bitwise Chainlink ETF Beneficial Interest · Franklin XRP ETF

    Expense ratio
    0.34% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • HYPGAvsXRPZA

    Grayscale Hyperliquid Staking ETF · Franklin XRP ETF

    Expense ratio
    0.29% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CLNKBvsTHYPA

    Bitwise Chainlink ETF Beneficial Interest · 21Shares Hyperliquid ETF

    Expense ratio
    0.34% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • HYPGAvsTHYPA

    Grayscale Hyperliquid Staking ETF · 21Shares Hyperliquid ETF

    Expense ratio
    0.29% · 0.30%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CLNKBvsXRPA

    Bitwise Chainlink ETF Beneficial Interest · Bitwise XRP ETF

    Expense ratio
    0.34% · 0.34%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • HYPGAvsXRPA

    Grayscale Hyperliquid Staking ETF · Bitwise XRP ETF

    Expense ratio
    0.29% · 0.34%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.