CLNK — what changed in the latest 10-Q
A section-by-section comparison of CLNK's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-12 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −3 | ~10 | 23 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 4 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-12
For the period January 13, 2026 (commencement of operations) through June 30, 2026*
During the period ended June 30, 2026, the Trust's net assets increased from $200 on January 13, 2026 (commencement of operations) to $19,912,357 on June 30, 2026. The increase in the Trust's net assets resulted primarily from additions of approximately 2,767,457 Chainlink with a value of $27,313,23…
Net realized and change in unrealized loss on investment in Chainlink for the six months ended June 30, 2026 was $(7,386,630), which included a realized gain of $1,003 on the transfer of Chainlink to pay the Sponsor Fee, and a change in unrealized depreciation on investment in Chainlink of $(7,386,6…
operations) through June 30, 2026, the Sponsor has agreed to waive the entire Sponsor Fee on the first $500 million of Trust assets for the three-month period starting on January 14, 2026, the day the Shares were initially listed on the Exchange, through April 13, 2026.
In exchange for the Sponsor Fee, the Sponsor has agreed to assume and pay the normal operating expenses of the Trust. The Sponsor contractually waived the Sponsor Fee until April 13, 2026, on the first $500 million of Trust assets, and will accrue at an annual rate of 0.34% of the Trust’s Chainlink …
Text removed vs the prior filing · source: 10-Q · 2026-05-08
of each reporting period. The Trust’s only sources of cash are proceeds from the sale of Baskets and Chainlink. The Trust will not borrow to meet liquidity needs.
In exchange for the Sponsor Fee, the Sponsor has agreed to assume and pay the normal operating expenses of the Trust. The Sponsor contractually waived the Sponsor Fee until April 13, 2025, on the first $500 million of Trust assets, and will accrue at an annual rate of 0.34% of the Trust’s Chainlink …
As of March 31, 2026, the Trust has not used, nor does it expect to use in the future, special purpose entities to facilitate off-balance sheet financing arrangements and has no loan guarantee arrangements or off-balance sheet arrangements of any kind other than agreements entered into in the normal…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice