GRAYSCALE FUNDS TRUST NOTES TO FINANCIAL STATEMENTS December 31, 2025 (Continued)
Grayscale Bitcoin Covered Call ETF
Level 1
Level 2
Level 3
Total
Assets Purchased Options . . . . . . . . . . . . . . . . . . . . . $ Money Market Funds . . . . . . . . . . . . . . . . . . .
— $ 4,322,872 $
— $ 4,322,872
19,922,634
— — 19,922,634
Total Investments ....................... $19,922,634 $ 4,322,872 $
— $24,245,506
Liabilities WrittenOptions ....................... $ Total Written Options ................... $
— $ (294,789) $ — $ (294,789) $
— $ (294,789) — $ (294,789)
Grayscale Bitcoin Miners ETF
Level 1
Level 2
Level 3
Total
Assets^ Common Stocks . . . . . . . . . . . . . . . . . . . . . . . $ 9,960,763 $
— $
— $ 9,960,763
Investments Purchased with Proceeds from Securities Lending . . . . . . . . . . . . . . . . . . . Short-Term Investments . . . . . . . . . . . . . . . . .
160,989 54,161
— — 160,989 — — 54,161
Total Investments ....................... $10,175,913 $
— $
— $10,175,913
Grayscale Bitcoin Premium Income ETF
Level 1
Level 2
Level 3
Total
Assets Purchased Options . . . . . . . . . . . . . . . . . . . . . $ Money Market Funds . . . . . . . . . . . . . . . . . . .
— $ 461,550 $
— $ 461,550
3,475,940
— — 3,475,940
Total Investments ....................... $ 3,475,940 $ 461,550 $
— $ 3,937,490
Liabilities Written Options. . . . . . . . . . . . . . . . . . . . . . . . $ Total Written Options .................... $
— $ (21,229) $ — $ (21,229) $
— $ (21,229) — $ (21,229)
Grayscale Ethereum Covered Call ETF
Level 1
Level 2
Level 3
Total
Assets: Purchased Options . . . . . . . . . . . . . . . . . . . . . $ Money Market Funds . . . . . . . . . . . . . . . . . . .
— $ 1,192,900 $
— $ 1,192,900
5,138,457
— — 5,138,457
Total Investments ....................... $ 5,138,457 $ 1,192,900 $
— $ 6,331,357
Liabilities: Written Options. . . . . . . . . . . . . . . . . . . . . . . . $ Total Written Options .................... $
— $ (55,300) $ — $ (55,300) $
— $ (55,300) — $ (55,300)
^ See Schedule of Investments for breakout of investments by sector. During the current fiscal period, the Funds did not recognize any transfers to or from Level 3.
20
Made with FlippingBook - professional solution for displaying marketing and sales documents online