Grayscale Chainlink Trust ETF GLNK Strategy

The investment seeks the value of the Shares (based on LINK per Share) to reflect the value of the LINK held by the Trust, including LINK earned as Staking Consideration, determined by reference to the index Price, less the Trust’s expenses and other liabilities. The Trust uses the index Price to calculate its “NAV,” which is the aggregate value, expressed in U.S. dollars, of the Trust’s assets, less the U.S. dollar value of the Trust’s expenses and other liabilities calculated in the manner set forth under “ Valuation of LINK and Determination of NAV.” “NAV per Share” is calculated by dividing NAV by the number of Shares then outstanding.