Grayscale Funds Trust

09/04/2026 | Press release | Distributed by Public on 09/04/2026 09:43

Summary Prospectus by Investment Company (Form 497K)

Filed Pursuant to Rule 497(k)

Registration Nos. 333-271770 and 811-23876


GRAYSCALE FUNDS TRUST

SUPPLEMENT DATED SEPTEMBER 4, 2026

TO THE SUMMARY PROSPECTUS, PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION

FOR GRAYSCALE BITCOIN COVERED CALL ETF AND GRAYSCALE ETHEREUM COVERED CALL ETF

EACH DATED MAY 1, 2026, AS PREVIOUSLY SUPPLEMENTED

THIS SUPPLEMENT CONTAINS IMPORTANT INFORMATION ABOUT THE FUND'S NAME,
AS DESCRIBED BELOW.

Fund Name. On September 1, 2026, the Board of Trustees of Grayscale Funds Trust approved a change to each Fund's name, effective on or about September 17, 2026, as indicated in the table below

Current Fund Name New Fund Name
Grayscale Bitcoin Covered Call ETF Grayscale Bitcoin High Income ETF
Grayscale Ethereum Covered Call ETF Grayscale Ethereum High Income ETF

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

Grayscale Funds Trust published this content on September 04, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on September 04, 2026 at 15:43 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]