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GLNK vs XRP

Grayscale Chainlink Trust Link

GLNKBNYSE Arca

Bitwise XRP ETF

XRPANYSE Arca

Overlap

0.0%by weight

Expense ratio

XRP −0.01pt a year

GLNK0.35%XRP0.34%

Avg volume · 30D

XRP 3.2×the volume

GLNK412KXRP1.31M

GLNK vs XRP Performance

Dec 31, 2025 – Oct 30, 2026

−9.8%GLNK−32.2%XRP

Dec 31, 2025 to Oct 30, 2026. GLNK −9.8%. XRP −32.2%. Use the arrow keys to read each point.−40%−20%0%10%20%Dec 2025Jun 2026Oct 2026
Expense ratio
GLNK 0.35%
XRP 0.34%, better
Fund size
GLNK $141M
XRP $516M
1Y total return
GLNK −59.6%
XRP No data
Holdings
GLNK 1
XRP 1
Avg volume (30D)
GLNK 412K sh
XRP 1.31M sh, better
NAV per share
GLNK $9.84
XRP $14.32
52W range

ETF.net Grade

GLNK: Cost 48, Risk 7, Mission 88, Tradability 78, Holdings not scored, Durability 83. XRP: Cost 68, Risk 50, Mission 99, Tradability 76, Holdings not scored, Durability 75.
Pillar letters and Scores for GLNK, XRP, with each pillar’s weight
PillarGLNKXRP
Cost30% weightC48B68Higher
Mission25% weightA88A99Higher
Risk15% weightF7C50Higher
Tradability15% weightA78HigherA76
Holdings10% weightNot scoredNot scored
Durability5% weightA83HigherA75

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 XRP 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 ›

XRP ranks 4th 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 4AXRPBitwise XRP ETFScore 75
  5. Rank 5ATOXR21shares XRP ETFScore 73
  6. Rank 11BGDOGGrayscale Dogecoin Trust ETFScore 61
  7. Rank 12BGLNKGrayscale Chainlink Trust LinkScore 59
  8. Rank 12BTDOT21shares Polkadot ETF Shares of Beneficial InterestScore 59

Our read on each fund

ETF.net Research

GLNKBGrayscale Chainlink Trust Link

XRPABitwise XRP 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.

XRP Bitwise won the naming fight: its spot fund trades under the coin's own ticker. Underneath it is plain plumbing, XRP in cold storage at Coinbase, priced off a CME CF reference rate, one all-in 0.34% fee.

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.

XRP The Fund holds spot XRP to give investors indirect exposure to XRP through exchange-traded shares.

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.
  • XRP One unitary 0.34% sponsor fee, with the sponsor covering most routine operating expenses. That undercuts Canary's XRPC (0.50%) for the same spot XRP exposure.sec.gov
  • Boring by design: spot XRP only, no derivatives or leverage, held in segregated cold storage at Coinbase Custody with BNY Mellon handling administration and transfer agency.sec.gov
  • NAV is struck against the CME CF XRP-Dollar Reference Rate (New York Variant), which aggregates executed trade flow from major XRP platforms instead of leaning on one venue's print.sec.gov
  • Actively traded since day one, and it sits in the upper tier of US spot crypto funds on trading quality.

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%.
  • XRP One coin, one risk. Shares follow XRP and nothing else, and single-asset crypto moves are large in both directions.
  • Not the cheapest ticket on the shelf: 21Shares' TOXR carries the same spot XRP exposure at 0.30%.
  • Launched in November 2025, so the trading and tracking record is short, and the fund makes no distributions.

Full GLNK profile⁠

Full XRP profile⁠

GLNK vs XRP Holdings

How GLNK and XRP differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classAlternatives100%

Sector

No Sector split for GLNK and XRP.

Country, concentration and asset class

Country by domicile

No country split for GLNK and XRP.

Concentration

Weight in the 10 largest Holdings

  • GLNK100.0%
  • XRP100.0%

Securities held

  • GLNK1
  • XRP1

Asset class

GLNK
Alternatives
XRP
Alternatives

Holdings

  • Only in GLNK1
  • In both0
  • Only in XRP1

Only in GLNK

1 security, 100% of GLNK by weight

  • Chainlink100.00%

Only in XRP

1 security, 100% of XRP by weight

  • Xrp100.00%

Weight gaps

GLNK and XRP share no securities.

All GLNK holdings⁠All 1 XRP 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 XRP Cost

Overpaying GLNK vs XRP

$194

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

  • GLNK 0.35%

    $7,126

  • XRP 0.34%

    $6,932

$10,000
30 years

Cost over time

  • GLNK 0.35%
  • XRP 0.34%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530GLNK $7,126XRP $6,932

Year by year

YearGLNKXRPOverpaying
10$634$616$18
20$2,454$2,386$68
30$7,126$6,932$194

Expense ratio

  • 0.35%GLNK
  • 0.34%XRP, cheaper
  • Middle half of Crypto Spot funds
  • Median 0.35%

XRP 7th cheapest of 25 funds

GLNK 11th cheapest of 25 funds

GLNK vs XRP Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
GLNK None
XRP None

Distribution history

GLNKAll GLNK payments⁠

No distribution history available.

XRPAll XRP payments⁠

No distribution history available.

GLNK vs XRP 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%XRP No data
Return per unit of riskSharpe ratio, 3 years
GLNK 0.45XRP No data
Worst fallMax drawdown, 5 years
GLNK −96.3%since May 2022XRP No data
Market sensitivityBeta, 5 years
GLNK 4.04XRP 0.79

GLNK and XRP in the news

All news⁠

Popular comparisons

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    Expense ratio
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