# EDGAR Filing Document

**Accession Number:** 0001976672
**File Stem:** 0001193125-26-251350
**Filing Date:** 2026-6
**Character Count:** 26229
**Document Hash:** 720be2b3439e07224e3b6e1d0bd684e0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-251350.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001193125-26-251350

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Grayscale Funds Trust
- **CENTRAL INDEX KEY:** 0001976672

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23876
- **FILM NUMBER:** 261050327

**BUSINESS ADDRESS:**
- **STREET 1:** 290 HARBOR DRIVE, 4TH FLOOR
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06902
- **BUSINESS PHONE:** 1-212-668-1427

**MAIL ADDRESS:**
- **STREET 1:** 290 HARBOR DRIVE, 4TH FLOOR
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06902

## Series and Classes Contracts Data

### Grayscale Bitcoin Adopters ETF (Series ID: S000091689)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000259407 | Grayscale Bitcoin Adopters ETF | BCOR            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Grayscale Bitcoin Adopters ETF** | **Grayscale Bitcoin Adopters ETF** | **Grayscale Bitcoin Adopters ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 99.9%** | **Shares**  | **Value**  |
| **Communication Services - 9.7%** | **Communication Services - 9.7%** | |
| Angel Studios, Inc. <sup>(a)</sup> | 1778 | $5423 |
| Boyaa Interactive International Ltd. | 20000 | 6786 |
| Nexon Co. Ltd. | 6000 | 110466 |
| Rumble, Inc. <sup>(a)</sup> | 1114 | 5681 |
| Trump Media & Technology Group Corp. <sup>(a)</sup> | 14634 | 135803 |
| Wemade Co. Ltd. | 433 | 5838 |
|  |  | 269997 |
| **Consumer Discretionary - 35.4% <sup>(b)</sup>** | **Consumer Discretionary - 35.4% <sup>(b)</sup>** |  |
| Cango, Inc. - Class A <sup>(a)(c)</sup> | 9967 | 4096 |
| Convano, Inc. | 8100 | 5651 |
| GameStop Corp. - Class A <sup>(a)</sup> | 5751 | 132503 |
| MercadoLibre, Inc. <sup>(a)</sup> | 79 | 136593 |
| Metaplanet, Inc. <sup>(a)</sup> | 67300 | 124371 |
| NET Holding AS <sup>(a)</sup> | 6239 | 5434 |
| Tesla, Inc. <sup>(a)</sup> | 1545 | 574354 |
|  |  | 983002 |
| **Energy - 0.6%** | **Energy - 0.6%** |  |
| Alliance Resource Partners LP | 585 | 16175 |
| **Financials - 18.7%** | **Financials - 18.7%** |  |
| Block, Inc. <sup>(a)</sup> | 2165 | 130290 |
| Bullish <sup>(a)(c)</sup> | 3349 | 119660 |
| Coinbase Global, Inc. - Class A <sup>(a)</sup> | 660 | 115242 |
| Coinshares International Ltd. | 546 | 4144 |
| Galaxy Digital, Inc. - Class A <sup>(a)</sup> | 6104 | 112619 |
| Gemini Space Station, Inc. - Class A <sup>(a)</sup> | 2055 | 9083 |
| Procap Financial, Inc. <sup>(a)</sup> | 4618 | 9744 |
| Virtu Financial, Inc. - Class A | 413 | 18164 |
|  |  | 518946 |
| **Health Care - 3.3%** | **Health Care - 3.3%** |  |
| Prenetics Global Ltd. <sup>(a)</sup> | 275 | 5313 |
| Strive, Inc. <sup>(a)</sup> | 8601 | 86182 |
|  |  | 91495 |
| **Industrials - 0.8%** | **Industrials - 0.8%** |  |
| Aker ASA - Class A | 201 | 22079 |
| **Information Technology - 31.2% <sup>(b)</sup>** | **Information Technology - 31.2% <sup>(b)</sup>** |  |
| American Bitcoin Corp. <sup>(a)</sup> | 4574 | 4228 |
| Bitfarms Ltd. <sup>(a)</sup> | 1912 | 3728 |
| BitMine Immersion Technologies, Inc. | 207 | 4095 |
| Canaan, Inc. - ADR <sup>(a)(c)</sup> | 13636 | 5888 |
| Cipher Digital, Inc. <sup>(a)</sup> | 762 | 9807 |
| Cleanspark, Inc. <sup>(a)</sup> | 5079 | 43222 |
| Core Scientific, Inc. <sup>(a)</sup> | 1165 | 17429 |
| Exodus Movement, Inc. - Class A <sup>(a)(c)</sup> | 724 | 4706 |
| Figma, Inc. - Class A <sup>(a)</sup> | 1724 | 36445 |
| Hive Digital Technologies Ltd. <sup>(a)</sup> | 2102 | 3994 |
| Hut 8 Corp. <sup>(a)</sup> | 1390 | 65205 |
| MARA Holdings, Inc. <sup>(a)(c)</sup> | 8264 | 67434 |
| Remixpoint, Inc. | 4200 | 5835 |
| Riot Platforms, Inc. <sup>(a)</sup> | 5120 | 63283 |
| Strategy, Inc. - Class A <sup>(a)</sup> | 4259 | 531523 |
|  |  | 866822 |
| **Materials - 0.2%** | **Materials - 0.2%** |  |
| S Crypto Energy, Inc. <sup>(a)</sup> | 8400 | 5650 |
| **TOTAL COMMON STOCKS** (Cost $3,765,431) | **TOTAL COMMON STOCKS** (Cost $3,765,431) | 2774166 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 7.2%** | **Shares**  | **Value**  |
| First American Government Obligations Fund - Class X, 3.58% <sup>(d)</sup> | 201019 | 201019 |
| **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $201,019) | **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $201,019) | 201019 |
| **MONEY MARKET FUNDS - 0.2%** | **Shares**  | **Value**  |
| First American Government Obligations Fund - Class X, 3.58% <sup>(d)</sup> | 5955 | 5955 |
| **TOTAL MONEY MARKET FUNDS** (Cost $5,955) | **TOTAL MONEY MARKET FUNDS** (Cost $5,955) | 5955 |
| **TOTAL INVESTMENTS - 107.3% (**Cost $3,972,405**)** | **TOTAL INVESTMENTS - 107.3% (**Cost $3,972,405**)** | 2981140 |
| Liabilities in Excess of Other Assets - (7.3)% | Liabilities in Excess of Other Assets - (7.3)% | (202655) |
| **TOTAL NET ASSETS - 100.0%** |  | $2778485 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| ADR - American Depositary Receipt<br> ASA - Advanced Subscription Agreement |
| LP - Limited Partnership<br>|
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

(a) Non-income producing security.

(b) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(c) All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $206,450.

(d) The rate shown represents the 7-day annualized yield as of March 31, 2026.

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
Grayscale Bitcoin Adopters ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $2774166 | $– | $– | $2774166 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending | 201019 | – | – | 201019 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 5955 | – | – | 5955 |
| Total Investments | $2981140 | $– | $– | $2981140 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Grayscale Funds Trust

- **b. Investment Company Act file number:** 811-23876

- **c. CIK number of Registrant:** 0001976672

- **d. LEI of Registrant:** 529900BDKAD1PSUGAR56

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 290 HARBOR DRIVE

  - **City:** STAMFORD

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06902

  - **Telephone number:** 1-212-668-1427

**Item A.2. Information about the Series.**

- **a. Name of Series:** Grayscale Bitcoin Adopters ETF

- **b. EDGAR series identifier (if any):** S000091689

- **c. LEI of Series:** 529900GJB9534SUEZW56

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2981681.13

**Total Liabilities:** $202544.50

**Net Assets:** $2779136.63

**Cash Not Reported:** $2464.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000259407 | 0.73%                | -10.68%              | -6.62%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-220017.56              | $245501.57                                 |
| Month 2  | $0.00                    | $-354895.20                                |
| Month 3  | $-34.40                  | $-196155.50                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aker ASA                       | Aker ASA                                   | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ10071       | Long             | EC               | CORP              | NO        |       214 | NS      | $23506.95     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Trump Media & Technology Group | Trump Media & Technology Group Corp        | CUSIP: 25400Q105<br>LEI: 6488S3A83U2SRQ48O215 | Long             | EC               | CORP              | US        |     11117 | NS      | $103165.76    | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Strive Inc                     | Strive Inc                                 | CUSIP: 862945300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4217 | NS      | $42254.34     | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      1440 | NS      | $535320.00    | 19.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc            | Virtu Financial Inc                        | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |       431 | NS      | $18955.38     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Wemade Co Ltd                  | Wemade Co Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       407 | NS      | $5487.25      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Digital Inc             | Cipher Digital Inc                         | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Long             | EC               | CORP              | US        |       750 | NS      | $9652.50      | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark Inc                 | Cleanspark Inc                             | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |      4977 | NS      | $42354.27     | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc            | Coinbase Global Inc                        | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |       649 | NS      | $113321.89    | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinshares International Ltd   | Coinshares International Ltd               | CUSIP: N/A<br>LEI: 549300OUFYN9P5VF9D79       | Long             | EC               | CORP              | JE        |       546 | NS      | $4143.90      | 0.15%             |  |  |  | No            |                  3 | On Loan: No      |
| Alliance Resource Partners LP  | Alliance Resource Partners LP              | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |       628 | NS      | $17364.20     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| American Bitcoin Corp          | American Bitcoin Corp                      | CUSIP: 02462A104<br>LEI: 2549005LS4NEZEAJEI89 | Long             | EC               | CORP              | US        |      2834 | NS      | $2619.75      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitfarms Ltd/Canada            | Bitfarms Ltd/Canada                        | CUSIP: 09173B107<br>LEI: 254900YWMA64Y1RPNJ12 | Long             | EC               | CORP              | CA        |      1979 | NS      | $3859.05      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BitMine Immersion Technologies | BitMine Immersion Technologies Inc         | CUSIP: 09175A206<br>LEI: 254900TGJJ1D9JNAQT27 | Long             | EC               | CORP              | US        |       176 | NS      | $3481.28      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Canaan Inc                     | Canaan Inc                                 | CUSIP: 134748102<br>LEI: 254900OEOGK9ALNMUN24 | Long             | EC               | CORP              | SG        |     10035 | NS      | $4333.11      | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Strategy Inc                   | Strategy Inc                               | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      4427 | NS      | $552489.60    | 19.88%            |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc             | Riot Platforms Inc                         | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |      6392 | NS      | $79005.12     | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Rumble Inc                     | Rumble Inc                                 | CUSIP: 78137L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1007 | NS      | $5135.70      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                      | Block Inc                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      2423 | NS      | $145816.14    | 5.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Remixpoint Inc                 | Remixpoint Inc                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4100 | NS      | $5695.52      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital B                      | Capital B                                  | CUSIP: N/A<br>LEI: 969500EFNNFB2DRUC163       | Long             | EC               | CORP              | FR        |      7939 | NS      | $5433.54      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYAA                          | Boyaa Interactive International Ltd        | CUSIP: N/A<br>LEI: 529900S38ZOYWV30WR67       | Long             | EC               | CORP              | CN        |     21000 | NS      | $7124.82      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitdeer Technologies Group     | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: 2549007M2KGWVJ9XFP20       | Long             | EC               | CORP              | SG        |       463 | NS      | $4004.95      | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| BitFuFu Inc                    | BitFuFu Inc                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |      1978 | NS      | $3857.10      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bullish                        | Bullish                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |      3692 | NS      | $131915.16    | 4.75%             |  |  |  | No            |                  1 | On Loan: —       |
| Cango Inc/KY                   | Cango Inc/KY                               | CUSIP: N/A<br>LEI: 5299003TQHBB4QUSZB86       | Long             | EC               | CORP              | US        |      3977 | NS      | $1634.55      | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Core Scientific Inc            | Core Scientific Inc                        | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |       967 | NS      | $14466.32     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Exodus Movement Inc            | Exodus Movement Inc                        | CUSIP: 30209R106<br>LEI: 984500E614L4114D9667 | Long             | EC               | CORP              | US        |       442 | NS      | $2873.00      | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Figma Inc                      | Figma Inc                                  | CUSIP: 316841105<br>LEI: 254900273Q0J4Z65HU28 | Long             | EC               | CORP              | US        |      1712 | NS      | $36191.68     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    206974 | NS      | $206974.18    | 7.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Digital Inc             | Galaxy Digital Inc                         | CUSIP: 36317J209<br>LEI: 9845001C4070E5N07806 | Long             | EC               | CORP              | US        |      6403 | NS      | $118135.35    | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GameStop Corp                  | GameStop Corp                              | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |      7363 | NS      | $169643.52    | 6.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hive Digital Technologies Ltd  | Hive Digital Technologies Ltd              | CUSIP: 433921103<br>LEI: 5493004QCZ1QBI9FS784 | Long             | EC               | CORP              | CA        |      1852 | NS      | $3518.80      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                     | Hut 8 Corp                                 | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |      1666 | NS      | $78152.06     | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Nakamoto Inc                   | Nakamoto Inc                               | CUSIP: 49457M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27286 | NS      | $6027.48      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA Holdings Inc              | MARA Holdings Inc                          | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |      8876 | NS      | $72428.16     | 2.61%             |  |  |  | No            |                  1 | On Loan: —       |
| MercadoLibre Inc               | MercadoLibre Inc                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |        79 | NS      | $136592.58    | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Procap Financial Inc           | Procap Financial Inc                       | CUSIP: 74277P105<br>LEI: 529900QQ65IVMAFGA795 | Long             | EC               | CORP              | US        |      5493 | NS      | $11590.23     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Empery Digital Inc             | Empery Digital Inc                         | CUSIP: 92864V608<br>LEI: 254900YNQ643TK62S464 | Long             | EC               | CORP              | US        |      1831 | NS      | $7745.13      | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Metaplanet Inc                 | Metaplanet Inc                             | CUSIP: N/A<br>LEI: 3538006DGBY53D3UEV95       | Long             | EC               | CORP              | JP        |     53300 | NS      | $98498.96     | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NET Holding AS                 | NET Holding AS                             | CUSIP: N/A<br>LEI: 789000XITVOL7BUS2730       | Long             | EC               | CORP              | TR        |      6099 | NS      | $5311.94      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexon Co Ltd                   | Nexon Co Ltd                               | CUSIP: N/A<br>LEI: 5299005SFO0GAJFLKN43       | Long             | EC               | CORP              | JP        |      6500 | NS      | $119671.26    | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Convano Inc                    | Convano Inc                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      9500 | NS      | $6628.32      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Group PLC              | Phoenix Group PLC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |     19257 | NS      | $4566.15      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Prenetics Global Ltd           | Prenetics Global Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |       406 | NS      | $7843.92      | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** Grayscale Funds Trust

**Signature:** /s/ Allison Roberts

**Name of Signer:** Allison Roberts

**Title:** Chief Compliance Officer