Expected behaviour link sharing a group folder

What would be the expected behaviour if I have to share a Group Folder using the “share as link” option? The recipient shall be a guest with no account (hence no option to directly share with that person or a group).

As an administrator I have the advanced permission to “share” the folder in question. But obviously that is not possible without seeing the folder in the first place. If I also have the permission to “view” the folder, I can create a share link for it that is working fine. But removing my “view” permission, the link does not work anymore (although I still do have access to “share” the folder).

Is this the intentional behaviour or some sort of glitch/bug?