MNRS Statement of Additional Information

Grayscale Funds Trust GRAYSCALE BITCOIN MINERS ETF (Ticker: MNRS) Listed on NYSE Arca, Inc.

STATEMENT OF ADDITIONAL INFORMATION January 27, 2025

This Statement of Additional Information (“SAI”) is not a prospectus and should be read in conjunction with the Prospectus for the Grayscale Bitcoin Miners ETF (the “Fund”), a series of Grayscale Funds Trust (the “Trust”), dated January 27, 2025, as may be supplemented from time to time (the “Prospectus”). Capitalized terms used in this SAI that are not defined have the same meaning as in the Prospectus, unless otherwise noted. A copy of the Prospectus may be obtained without charge, by calling the Fund at 866-775-0131, visiting https://etfs.Grayscale.com/mnrs or writing to the Fund at U.S. Bancorp Fund Services, LLC (d/b/a U.S. Bank Global Fund Services), 615 East Michigan Street, Milwaukee, WI 53202. A copy of the Fund’s Annual Report (when available) may be obtained at no charge by contacting the Fund at the address or phone number noted above.

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