GRAYSCALE FUNDS TRUST STATEMENTS OF CHANGES IN NET ASSETS
Grayscale Bitcoin Covered Call ETF (Consolidated) Period Ended June 30, 2025 (b) (Unaudited)
Grayscale Bitcoin Premium Income ETF (Consolidated) Period Ended June 30, 2025 (b) (Unaudited)
Grayscale Bitcoin Adopters ETF Period Ended June 30, 2025 (a) (Unaudited)
Grayscale Bitcoin Miners ETF
Period Ended June 30, 2025 (c) (Unaudited)
OPERATIONS: Net investment income (loss) . . . . . . . . . . . . . . . . . . . . $ 2,026 $ 29,923 $ (2,673) $ 19,541 Net realized gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . 450,836 529,166 (48,173 ) 470,421 Net change in unrealized appreciation (depreciation). . . . 386,672 23,073 (253,040) 58,648 Net increase (decrease) in net assets from operations . . . 839,534 582,162 (303,886) 548,610 DISTRIBUTIONS TO SHAREHOLDERS: From earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,774 ) (630,735) — (130,823) Total distributions to shareholders .............. (1,774 ) (630,735) — (130,823) CAPITAL TRANSACTIONS: Shares sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,402,967 7,866,663 8,130,937 4,846,311 Shares redeemed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (982,707) — (1,308,319) (1,213,845) ETF transaction fees (See Note 6) . . . . . . . . . . . . . . . . 377 1,625 — 1,083
Net increase (decrease) in net assets from capital transactions ............................... Net increase (decrease) in net assets ...............
3,420,637 7,868,288 6,822,618 3,633,549 4,258,397 7,819,715 6,518,732 4,051,336
NET ASSETS: Beginning of the period. . . . . . . . . . . . . . . . . . . . . . . . . — — End of the period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,258,397 $7,819,715 $ 6,518,732 $ 4,051,336 — —
SHARES TRANSACTIONS Shares sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Shares redeemed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total increase (decrease) in shares outstanding . . . .
160,000 (30,000 ) 130,000
220,000
330,000
130,000 (30,000 ) 100,000
— (70,000)
220,000
260,000
(a)
The Fund commenced operations on April 30, 2025. The Fund commenced operations on April 2, 2025. The Fund commenced operations on January 30, 2025.
(b)
(c)
9 The accompanying notes are an integral part of these financial statements.
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