Grayscale recently launched a new Chainlink Trust ETF, ticker symbol GLNK, which is now trading on the market. The setup of this fund is quite interesting — within the first three months, if the size exceeds $1 billion, management fees are waived; after that, a 0.35% annual fee will be charged.

However, investors need to pay attention to a few key issues. First, GLNK is not protected under the regulatory framework of the Investment Company Act of 1940, which means higher risks and greater volatility. Second, this product does not hold LINK tokens directly, which introduces additional structural risks. Grayscale explicitly states in the product description that investors may face the risk of losing their entire principal, and this must be taken seriously. If you plan to participate, be sure to fully understand these risk factors.