Grayscale Funds Trust

08/28/2026 | Press release | Distributed by Public on 08/28/2026 09:53

Prospectus by Investment Company (Form 497)

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
Birth

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.

Grayscale Funds Trust published this content on August 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 28, 2026 at 15:53 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]