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GLNK vs HYPG

Grayscale Chainlink Trust Link

GLNKBNYSE Arca

Grayscale Hyperliquid Staking ETF

HYPGANasdaq

Overlap

0.0%by weight

Expense ratio

HYPG −0.06pt a year

GLNK0.35%HYPG0.29%

Avg volume · 30D

GLNK 4.2×the volume

GLNK412KHYPG97.3K

GLNK vs HYPG Performance

Jul 31, 2026 – Oct 30, 2026

+35.8%GLNK+73.4%HYPG

Jul 31, 2026 to Oct 30, 2026. GLNK +35.8%. HYPG +73.4%. Use the arrow keys to read each point.0%20%60%Jul 2026Sep 2026Oct 2026
Expense ratio
GLNK 0.35%
HYPG 0.29%, better
Fund size
GLNK $141M
HYPG $207M
1Y total return
GLNK −59.6%
HYPG No data
Holdings
GLNK 1
HYPG 1
Avg volume (30D)
GLNK 412K sh, better
HYPG 97.3K sh
NAV per share
GLNK $9.84
HYPG $32.01
52W range

ETF.net Grade

GLNK: Cost 48, Risk 7, Mission 88, Tradability 78, Holdings not scored, Durability 83. HYPG: Cost 96, Risk 68, Mission not scored, Tradability 72, Holdings not scored, Durability 61.
Pillar letters and Scores for GLNK, HYPG, with each pillar’s weight
PillarGLNKHYPG
Cost30% weightC48A96Higher
Mission25% weightA88Not scored
Risk15% weightF7B68Higher
Tradability15% weightA78HigherA72
Holdings10% weightNot scoredNot scored
Durability5% weightA83HigherB61

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. GLNK 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 GLNK 12th 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 11BGDOGGrayscale Dogecoin Trust ETFScore 61
  5. Rank 12BGLNKGrayscale Chainlink Trust LinkScore 59
  6. Rank 12BTDOT21shares Polkadot ETF Shares of Beneficial InterestScore 59

Our read on each fund

ETF.net Research

GLNKBGrayscale Chainlink Trust Link

HYPGAGrayscale Hyperliquid Staking ETF

In short

GLNK Grayscale's LINK vehicle began life as a 2021 private trust and became the first US spot Chainlink product to trade on an exchange. One job: hold LINK, let the share price follow it, no leverage and no derivatives.

HYPG No data

Stated mandate

GLNK The Trust passively seeks to have its shares reflect the value of LINK held by the Trust, less expenses and liabilities. It does not seek returns beyond tracking LINK and does not use leverage or derivatives.

HYPG No data

Why people hold it

  • GLNK One job, plainly stated: passively reflect the value of the LINK it holds, less expenses. No leverage, no derivatives, no side bets.
  • The first US spot Chainlink product to reach an exchange, backed by a trust that has been reporting since its 2021 debut in private-placement form.decrypt.co
  • LINK exposure arrives through a NYSE Arca ticker in an ordinary brokerage account: no wallet, no seed phrase, no crypto exchange login.globenewswire.com
  • Sits in the upper half of its spot-crypto peer group, with liquidity that holds up for everyday retail-size trades.

HYPG No data

Worth knowing

  • GLNK One token, no cushion. Everything here rides on Chainlink's price, and crypto drawdowns tend to be deep and fast.
  • It is a grantor trust, not a 1940 Act fund, so the regulations and protections that come with registered ETFs and mutual funds do not apply.globenewswire.com
  • At 0.35% it is not the price leader: Bitwise's CLNK lists at 0.34% for the same token, and several spot-crypto rivals such as TSUI and TDOT sit at 0.30%.

HYPG No data

Full GLNK profile⁠

Full HYPG profile⁠

GLNK vs HYPG Holdings

How GLNK and HYPG differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classAlternatives100%

Sector

No Sector split for GLNK and HYPG.

Country, concentration and asset class

Country by domicile

No country split for GLNK and HYPG.

Concentration

Weight in the 10 largest Holdings

  • GLNK100.0%
  • HYPG100.0%

Securities held

  • GLNK1
  • HYPG1

Asset class

GLNK
Alternatives
HYPG
Alternatives

Holdings

  • Only in GLNK1
  • In both0
  • Only in HYPG1

Only in GLNK

1 security, 100% of GLNK by weight

  • Chainlink100.00%

Only in HYPG

1 security, 100% of HYPG by weight

  • Hyperliquid100.00%

Weight gaps

GLNK and HYPG share no securities.

All GLNK 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.

GLNK vs HYPG Cost

Overpaying GLNK vs HYPG

$1,174

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

  • GLNK 0.35%

    $7,126

  • HYPG 0.29%

    $5,952

$10,000
30 years

Cost over time

  • GLNK 0.35%
  • 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$8K051015202530GLNK $7,126HYPG $5,952

Year by year

YearGLNKHYPGOverpaying
10$634$527$107
20$2,454$2,044$410
30$7,126$5,952$1,174

Expense ratio

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

HYPG 2nd cheapest of 25 funds

GLNK 11th cheapest of 25 funds

GLNK vs HYPG Dividends

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

Distribution history

Per share, 2026, same scale for both

GLNKAll GLNK 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

GLNK vs HYPG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GLNK 160.9%HYPG No data
Return per unit of riskSharpe ratio, 3 years
GLNK 0.45HYPG No data
Worst fallMax drawdown, 5 years
GLNK −96.3%since May 2022HYPG No data
Market sensitivityBeta, 5 years
GLNK 4.04HYPG 3.80

GLNK and HYPG in the news

All news⁠

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