# EDGAR Filing Document

**Accession Number:** 0001976672
**File Stem:** 0000894189-26-007407
**Filing Date:** 2026-3
**Character Count:** 12155
**Document Hash:** 1ecc4871518ec994b753a8e9ed119757
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-007407.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000894189-26-007407

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20251231

**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:** 26706652

**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 Miners ETF (Series ID: S000089870)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000256698 | Grayscale Bitcoin Miners ETF | MNRS            |

## 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 Miners ETF

- **b. EDGAR series identifier (if any):** S000089870

- **c. LEI of Series:** 529900BZFTXJ1V63T131

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $10248436.48

**Total Liabilities:** $355525.11

**Net Assets:** $9892911.37

**Cash Not Reported:** $1410.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256698 | 17.70%               | -20.92%              | -19.98%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $975682.32               | $-3455.78                                  |
| Month 2  | $-10885.09               | $-3293535.24                               |
| Month 3  | $-17529.58               | $-2466524.58                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cipher Mining Inc              | Cipher Mining Inc                          | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Long             | EC               | CORP              | US        |     40754 | NS      | $601529.04    | 6.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark Inc                 | Cleanspark Inc                             | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |     41393 | NS      | $418897.16    | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Scientific Inc            | Core Scientific Inc                        | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |     33135 | NS      | $482445.60    | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Cango Inc/KY                   | Cango Inc/KY                               | CUSIP: N/A<br>LEI: 5299003TQHBB4QUSZB86       | Long             | EC               | CORP              | CN        |    173305 | NS      | $259957.50    | 2.63%             |  |  |  | No            |                  1 | On Loan: —       |
| BitMine Immersion Technologies | BitMine Immersion Technologies Inc         | CUSIP: 09175A206<br>LEI: 254900TGJJ1D9JNAQT27 | Long             | EC               | CORP              | US        |     33244 | NS      | $902574.60    | 9.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Canaan Inc                     | Canaan Inc                                 | CUSIP: 134748102<br>LEI: 254900OEOGK9ALNMUN24 | Long             | EC               | CORP              | SG        |    200265 | NS      | $138182.85    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi Power X Inc               | Digi Power X Inc                           | CUSIP: 25380B102<br>LEI: 5299001U7RVW74W46M33 | Long             | EC               | CORP              | US        |     17753 | NS      | $45270.15     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Exodus Movement Inc            | Exodus Movement Inc                        | CUSIP: 30209R106<br>LEI: 984500E614L4114D9667 | Long             | EC               | CORP              | US        |      2006 | NS      | $29668.74     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    215150 | NS      | $215150.02    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hive Digital Technologies Ltd  | Hive Digital Technologies Ltd              | CUSIP: 433921103<br>LEI: 5493004QCZ1QBI9FS784 | Long             | EC               | CORP              | CA        |    124570 | NS      | $321390.60    | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                     | Hut 8 Corp                                 | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |     15023 | NS      | $690156.62    | 6.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA Holdings Inc              | MARA Holdings Inc                          | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |     74080 | NS      | $665238.40    | 6.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc             | Riot Platforms Inc                         | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |     32523 | NS      | $412066.41    | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                      | Block Inc                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      5187 | NS      | $337621.83    | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                   | Terawulf Inc                               | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |     49515 | NS      | $568927.35    | 5.75%             |  |  |  | No            |                  1 | On Loan: No      |
| The9 Ltd                       | The9 Ltd                                   | CUSIP: 88337K401<br>LEI: 529900PMX9KSG4W5TA36 | Long             | EC               | CORP              | CN        |      6214 | NS      | $39583.18     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Neptune Digital Assets Corp    | Neptune Digital Assets Corp                | CUSIP: 64073L101<br>LEI: 254900B1OFE1IYHGC444 | Long             | EC               | CORP              | CA        |     61391 | NS      | $38068.47     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Crypto Flow Technology Ltd     | Crypto Flow Technology Ltd                 | CUSIP: N/A<br>LEI: 529900VF0QIOPKJRC004       | Long             | EC               | CORP              | HK        |    144000 | NS      | $48471.77     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Data AG               | Northern Data AG                           | CUSIP: N/A<br>LEI: 391200LB6JA3HAQWTS32       | Long             | EC               | CORP              | DE        |     22139 | NS      | $404318.99    | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BitFuFu Inc                    | BitFuFu Inc                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |      8810 | NS      | $23258.40     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| IREN Ltd                       | IREN Ltd                                   | CUSIP: N/A<br>LEI: 254900FZF02RB3NNGB71       | Long             | EC               | CORP              | AU        |     47913 | NS      | $1809674.01   | 18.29%            |  |  |  | No            |                  1 | On Loan: No      |
| American Bitcoin Corp          | American Bitcoin Corp                      | CUSIP: 02462A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65893 | NS      | $112017.76    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Digital Corp           | Applied Digital Corp                       | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |     23270 | NS      | $570580.40    | 5.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitfarms Ltd/Canada            | Bitfarms Ltd/Canada                        | CUSIP: 09173B107<br>LEI: 254900YWMA64Y1RPNJ12 | Long             | EC               | CORP              | CA        |    185316 | NS      | $435492.60    | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitdeer Technologies Group     | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: 2549007M2KGWVJ9XFP20       | Long             | EC               | CORP              | SG        |     31678 | NS      | $355110.38    | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Bit Digital Inc                | Bit Digital Inc                            | CUSIP: N/A<br>LEI: 2549005XLPRWS7HWCM31       | Long             | EC               | CORP              | US        |    167449 | NS      | $316478.61    | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** Grayscale Funds Trust

**Signature:** /s/ Allison Roberts

**Name of Signer:** Allison Roberts

**Title:** Chief Compliance Officer