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            <liquidityName>ICE DATA PRICING &amp; REFERENCE DATA, LLC</liquidityName>
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        <isTransferAgentHiredOrTerminated>Y</isTransferAgentHiredOrTerminated>
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      <managementInvestmentQuestion>
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        <creationUnitPurchasedSDInKind>0.000000000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.000000000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.000000000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.000000000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.000000000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>300.000000000000</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>N/A</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>300.000000000000</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>N/A</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>300.000000000000</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>N/A</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>300.000000000000</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>N/A</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
    </exchangeSeriesInfo>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="Grayscale Funds Trust" signedDate="2026-03-16" signature="/s/ Allison Roberts" title="Chief Compliance Officer"/>
  </formData>
</edgarSubmission>
