GRAYSCALE FUNDS TRUST
SUPPLEMENT DATED AUGUST 28, 2026
TO THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
FOR EACH OF THE FUNDS LISTED IN SCHEDULE A
Effective August 13, 2026, for each of the funds listed in Schedule A:
The following table replaces and supersedes the corresponding table and disclosure in each fund’s Statement of Additional Information (“SAI”) in the section titled “MANAGEMENT OF THE TRUST”:
Principal Officers of the Trust
The officers of the Trust conduct and supervise its daily business. The address of each officer of the Trust is c/o 290 Harbor Drive, 4th Floor, Stamford, Connecticut 06902. Additional information about the officers of the Trust is as follows:
|
Name and Year of |
Position(s) Held with the Trust |
Term of Office and Length of Time Served |
Principal Occupation(s) During Past 5 Years | |||
|
Stephen E. Vanourny Jr. Born: 1973 |
President and Principal Executive Officer |
Indefinite term; since 2026 |
Head of Index at Grayscale Operating, LLC (2026-present); Head of Product Development and Strategy at ProShares (2022-2025); President and Co-founder of Continuum Capital Managers (2015-2022). | |||
|
Daniel Plourde Born: 1980 |
Treasurer |
Indefinite term; since 2026 |
Senior Vice President of Finance at Grayscale Operating, LLC (2026-present); Vice President of Finance at Grayscale Operating, LLC (2025-2026); Vice President of Finance at Grayscale Investments, LLC (2022-2024); Vice President, at Gabelli Asset Management (2021-2022); and Vice President at State Street Global Advisors (2015-2021). | |||
|
James A. Mautino Born: 1968 |
Chief Compliance Officer |
Indefinite term; since 2026 |
Director and Fund Chief Compliance Officer at ACA Group (2026-present); Chief Compliance Officer at Allianz Asset Management (2024-2026); and Global Head of Compliance at Aegon Asset Management (2014-2024). | |||
|
Kenny Terrero Born: 1975 |
Secretary |
Indefinite term; since 2026 |
Managing Director, Senior ETF/ETP Counsel at Grayscale Operating LLC (2025-present); Partner at Sidley Austin LLP (2023-2025); and Counsel at Sidley Austin LLP (2015-2022). | |||
|
Meaghan Dawley Born: 1990 |
Assistant Secretary | Indefinite term; since 2026 | Senior Associate, Senior Paralegal at Grayscale Operating, LLC (2026-present); Associate, Paralegal at Grayscale Operating, LLC (2024-2026); Senior Paralegal at Franklin Templeton (2021-2024); and Paralegal at Franklin Templeton (2020-2021). |
SCHEDULE A
| Fund | Date of Prospectus and SAI |
| Grayscale Bitcoin Adopters ETF | May 1, 2026 |
| Grayscale Bitcoin Covered Call ETF | May 1, 2026 |
| Grayscale AI Compute ETF (formerly Grayscale Bitcoin Miners ETF) | May 1, 2026 |
| Grayscale Bitcoin Premium Income ETF | May 1, 2026 |
| Grayscale Ethereum Covered Call ETF | May 1, 2026 |
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.