Supplement Dated July 30, 2025
This document provides updates to the Summary Prospectus and Prospectus for Grayscale Funds Trust, specifically for funds listed in Schedule A.
The supplement details changes to the investment strategy, stating that the Funds will invest in exchange-traded options contracts referencing a Bitcoin ETP (Exchange-Traded Product). This includes utilizing traditional and FLEX options on Bitcoin ETPs like GBTC and BTC.
A synthetic covered call strategy is employed, involving purchasing and selling call and put options on Bitcoin ETPs to generate income and potentially participate in Bitcoin's returns.
Additionally, the Funds intend to make bi-weekly distribution payments to shareholders.
The document also outlines fund fees, provides an expense example for the Grayscale Bitcoin Covered Call ETF, and discusses various investment risks associated with digital assets and ETPs.
For more details, investors can visit the Grayscale website:
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Grayscale Bitcoin ETFs: Prospectus Supplement and Investment Strategy This document supplements the Summary Prospectus and Prospectus for Grayscale Bitcoin Covered Call ETF and Grayscale Bitcoin Premium Income ETF, detailing updates to their principal investment strategies, including the use of exchange-traded options on Bitcoin ETPs and distribution payment schedules. |
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Grayscale Bitcoin Covered Call ETF: Supplement and Prospectus Overview This document provides an overview of the Grayscale Bitcoin Covered Call ETF, including a supplement dated July 30, 2025, and its prospectus. It details the fund's investment strategy, which involves investing in options on Bitcoin ETPs, its fee structure, expense example, and principal risks associated with digital assets, derivatives, and market volatility. Information on portfolio management, share trading, and tax considerations is also included. |
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Grayscale Bitcoin Premium Income ETF: Prospectus and Supplement This document provides a supplement to the summary prospectus and prospectus for the Grayscale Bitcoin Premium Income ETF (BPI). It details the fund's investment objective, strategy involving Bitcoin ETPs and options, principal risks including digital asset and blockchain technology risks, management structure, fees, tax considerations, and how to buy and sell shares. |
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Grayscale Bitcoin Covered Call ETF (BTCC) | Investment Strategy & Details Explore the Grayscale Bitcoin Covered Call ETF (BTCC), an investment vehicle designed to maximize income generation through systematic covered call writing on Bitcoin ETPs. This document outlines its investment strategy, key fund details, distribution schedule, performance history, and holdings. |
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Grayscale Bitcoin Premium Income ETF (BPI) Overview Comprehensive overview of the Grayscale Bitcoin Premium Income ETF (BPI), covering its investment strategy, monthly distributions, fund details, performance history, holdings, and associated risks. |
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Grayscale Bitcoin Trust ETF (GBTC): Fact Sheet & Overview An overview of the Grayscale Bitcoin Trust ETF (GBTC), detailing its investment objective, exposure to Bitcoin, liquidity, management, performance data, and key fund details. Learn about investing in GBTC. |
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Grayscale Bitcoin Premium Income ETF: Fund Distribution Notice (19a-1) Notification from Grayscale regarding the sources of fund distributions for the Grayscale Bitcoin Premium Income ETF (BPI) for July 24, 2025. Includes estimated breakdown of net investment income, capital gains, and return of capital. |
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Grayscale Funds Trust: Statement of Additional Information - Management and Operations Detailed Statement of Additional Information for Grayscale Funds Trust, outlining its management structure, trustees, officers, investment policies, risks, and federal income tax considerations for the Grayscale Bitcoin Premium Income ETF. |