Grayscale Funds Trust Sample Contracts
ContractAgreement and Declaration of Trust • October 11th, 2024 • Grayscale Funds Trust • Delaware
INVESTMENT ADVISORY AGREEMENT With GRAYSCALE ADVISORS, LLCInvestment Advisory Agreement • July 29th, 2024 • Grayscale Funds Trust • New York
This INVESTMENT ADVISORY AGREEMENT (the “Agreement”) is made as of this 10th day of July, 2024 by and between Grayscale Funds Trust (the “Trust”), a Delaware statutory trust, and Grayscale Advisors, LLC, a Delaware limited liability company with its principal place of business at 290 Harbor Drive, 4th Floor, Stamford, Connecticut 06902 (the “Adviser”).
SUB-ADVISORY AGREEMENT with Vident Advisory, LLC d/b/a Vident Asset ManagementSub-Advisory Agreement • July 29th, 2024 • Grayscale Funds Trust • Delaware
This Sub-Advisory Agreeement (the “Agreement”) is made as of this 9th day of May, 2024 by and among Grayscale Advisors, LLC, a Delaware limited liability company (the “Adviser”), Grayscale Funds Trust (the “Trust”) and Vident Advisory, LLC d/b/a Vident Asset Management, a Delaware limited liability company (the “Sub-Adviser”).
ETF DISTRIBUTION AGREEMENTEtf Distribution Agreement • August 26th, 2024 • Grayscale Funds Trust • Delaware
This distribution agreement (the “Agreement”) is effective this 23rd day of July 2024, and made by Grayscale Funds Trust, a Delaware statutory trust (the “Trust”), having its principal place of business at 290 Harbor Drive, Stamford, CT 06902, and Foreside Fund Services, LLC, a Delaware limited liability company (the “Distributor”) having its principal place of business at Three Canal Plaza, Suite 100, Portland, ME 04101.
AGREEMENT AND DECLARATION OF TRUST of GRAYSCALE FUNDS TRUST a Delaware Statutory TrustTrust Agreement • May 9th, 2023 • Grayscale Funds Trust • Delaware
WHEREAS this Trust is being formed to carry on the business of an open-end management investment company as defined in the 1940 Act; and
FORM OF AUTHORIZED PARTICIPANT AGREEMENT GRAYSCALE FUNDS TRUSTAuthorized Participant Agreement • August 26th, 2024 • Grayscale Funds Trust • New York
This Authorized Participant Agreement (the “Agreement”) is entered into by and between Foreside Fund Services, LLC (the “Distributor”) and (the “Participant”) and is subject to acceptance by U.S. Bancorp Fund Services, LLC d/b/a U.S. Bank Global Fund Services (the “Transfer Agent”), and is further subject to acknowledgement and agreement by Grayscale Funds Trust (the “Trust”), a series trust offering a number of portfolios of securities (each a “Fund” and collectively the “Funds”), solely with respect to Sections 4(c) and 12(c) herein. Capitalized terms used but not defined herein are defined in the current prospectus for each Fund as it may be supplemented or amended from time to time and included in the Trust’s Registration Statement on Form N-1A, as it may be amended from time to time, or otherwise filed with the U.S. Securities and Exchange Commission (“SEC”) (together with such Fund’s Statement of Additional Information incorporated therein, the “Prospectus”).
ETF CUSTODY AGREEMENTEtf Custody Agreement • August 26th, 2024 • Grayscale Funds Trust • Minnesota
THIS AGREEMENT is made and entered into as of the last date on the signature page, by and between, GRAYSCALE FUNDS TRUST, a Delaware statutory trust (the “Trust”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America with its principal place of business at Minneapolis, Minnesota (the “Custodian”).
TRANSFER AGENT SERVICING AGREEMENTTransfer Agent Servicing Agreement • August 26th, 2024 • Grayscale Funds Trust • Wisconsin
THIS AGREEMENT is made and entered into as of the last day written on the signature page by and between GRAYSCALE FUNDS TRUST (the “Trust”) U.S. BANCORP FUND SERVICES, LLC d/b/a U.S. BANK GLOBAL FUND SERVICES, a Wisconsin limited liability company (“Fund Services”).
ETF FUND ACCOUNTING SERVICING AGREEMENTEtf Fund Accounting Servicing Agreement • August 26th, 2024 • Grayscale Funds Trust • Wisconsin
THIS AGREEMENT is made and entered into as of the last day written on the signature page by and between GRAYSCALE FUNDS TRUST (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC d/b/a U.S. BANK GLOBAL FUND SERVICES, a Wisconsin limited liability company (“Fund Services”).
FUND ADMINISTRATION SERVICING AGREEMENTFund Administration Servicing Agreement • August 26th, 2024 • Grayscale Funds Trust • Wisconsin
THIS AGREEMENT is made and entered into as of the last day written on the signature page by and GRAYSCALE FUNDS TRUST, a Delaware statutory trust (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC d/b/a U.S. BANK GLOBAL FUND SERVICES, a Wisconsin limited liability company (“Fund Services”).
CAYMAN SUBSIDIARY INVESTMENT ADVISORY AGREEMENTInvestment Advisory Agreement • April 25th, 2025 • Grayscale Funds Trust • Delaware
THIS INVESTMENT MANAGEMENT AGREEMENT, to be effective as of April 23, 2025, is made between Grayscale Ethereum Covered Call Subsidiary, a Cayman Islands exempted company (the “Corporation”), and GRAYSCALE ADVISORS, LLC, a Delaware limited liability company (the “Adviser”).
SUB-ADVISORY AGREEMENTSub-Advisory Agreement • April 25th, 2025 • Grayscale Funds Trust • Delaware
THIS INVESTMENT SUB-ADVISORY AGREEMENT (the “Agreement”), effective as of April 14, 2025, is made between GRAYSCALE ADVISORS, LLC, a Delaware limited liability company (the “Adviser”), and VIDENT ADVISORY, LLC D/B/A VIDENT ASSET MANAGEMENT, a Delaware limited liability company (the “Sub-Adviser”).
SECOND AMENDMENT TO ETF DISTRIBUTION AGREEMENTEtf Distribution Agreement • April 25th, 2025 • Grayscale Funds Trust • Delaware
This second amendment (“Amendment”) to the ETF Distribution Agreement (the “Agreement”) dated as of July 23, 2024, by and between Grayscale Funds Trust and Foreside Fund Services, LLC (together, the “Parties”) is effective as of corrected dated of April 22, 2025.
SCHEDULE A to the SUB-ADVISORY AGREEMENT Dated May 9, 2024 by and among GRAYSCALE ADVISORS, LLC GRAYSCALE FUNDS TRUST and VIDENT ADVISORY, LLC D/B/A VIDENT ASSET MANAGEMENT as amended and restated March 28, 2025Sub-Advisory Agreement • March 31st, 2025 • Grayscale Funds Trust
The Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, a fee, computed daily at an annual rate based on the based on the greater of (1) the minimum fee or (2) daily net assets of the respective Fund in accordance with the following fee schedule:
FIRST AMENDMENT TO ETF DISTRIBUTION AGREEMENTEtf Distribution Agreement • January 27th, 2025 • Grayscale Funds Trust • Delaware
This first amendment (“Amendment”) to the ETF Distribution Agreement (the “Agreement”) dated as of July 23rd, 2024 by and between Grayscale Funds Trust and Foreside Fund Services, LLC (together, the “Parties”) is effective as of January 27th, 2025.
FUND ADMINISTRATION SERVICING AGREEMENTFund Administration Servicing Agreement • June 3rd, 2025 • Grayscale Funds Trust
THIS SIXTH AMENDMENT is made and entered into as of the last day written on the signature page (the “Effective Date”), by and between, GRAYSCALE FUNDS TRUST, a Delaware statutory trust (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC d/b/a U.S. BANK GLOBAL FUND SERVICES, a Wisconsin limited liability company (“Fund Services”).
ETF FUND ACCOUNTING SERVICING AGREEMENTEtf Fund Accounting Servicing Agreement • June 3rd, 2025 • Grayscale Funds Trust
THIS SIXTH AMENDMENT is made and entered into as of the last day written on the signature page (the “Effective Date”), by and between GRAYSCALE FUNDS TRUST (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC d/b/a U.S. BANK GLOBAL FUND SERVICES, a Wisconsin limited liability company (“Fund Services”).
EXHIBIT A to the INDEX SUBLICENSE AGREEMENT Dated May 17, 2024 between GRAYSCALE FUNDS TRUST and GRAYSCALE ADVISORS, LLC (as of April 21, 2025)Index Sublicense Agreement • April 23rd, 2025 • Grayscale Funds Trust
EXHIBIT A to the FUND ACCOUNTING SERVICING AGREEMENT Dated May 17, 2024 between GRAYSCALE FUNDS TRUST and (as of March 28, 2025)Fund Accounting Servicing Agreement • March 31st, 2025 • Grayscale Funds Trust
EXHIBIT A to the CUSTODY AGREEMENT Dated May 17, 2024 between GRAYSCALE FUNDS TRUST and (as of January 27, 2025)Custody Agreement • January 27th, 2025 • Grayscale Funds Trust
SCHEDULE A to the SUB-ADVISORY AGREEMENT Dated May 9, 2024 by and among GRAYSCALE ADVISORS, LLC GRAYSCALE FUNDS TRUST and VIDENT ADVISORY, LLC D/B/A VIDENT ASSET MANAGEMENT as amended and restated April 25, 2025Sub-Advisory Agreement • April 25th, 2025 • Grayscale Funds Trust
The Adviser will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, a fee, computed daily at an annual rate based on the based on the greater of (1) the minimum fee or (2) daily net assets of the respective Fund in accordance with the following fee schedule:
FIFTH AMENDMENT TO THE ETF CUSTODY AGREEMENTEtf Custody Agreement • April 23rd, 2025 • Grayscale Funds Trust
THIS FIFTH AMENDMENT is made and entered into as of the last date on the signature page (the “Effective Date”), by and between, GRAYSCALE FUNDS TRUST, a Delaware statutory trust (the “Trust”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America with its principal place of business at Minneapolis, Minnesota (the “Custodian”).
EXHIBIT A to the INDEX SUBLICENSE AGREEMENT Dated May 17, 2024 between GRAYSCALE FUNDS TRUST and GRAYSCALE ADVISORS, LLC (as of January 27, 2025)Index Sublicense Agreement • January 27th, 2025 • Grayscale Funds Trust
THIRD AMENDMENT TOEtf Distribution Agreement • June 3rd, 2025 • Grayscale Funds Trust • Delaware
This third amendment (“Amendment”) to the ETF Distribution Agreement (the “Agreement”) dated as of July 23, 2024, by and between Grayscale Funds Trust and Foreside Fund Services, LLC (together, the “Parties”) is effective as of corrected dated of May 9, 2025.
GRAYSCALE FUNDS TRUST SUBLICENSE AGREEMENTSublicense Agreement • August 26th, 2024 • Grayscale Funds Trust
This Sublicense Agreement (“Agreement”) is made as of August 20, 2024, by and between Grayscale Advisors, LLC, a Delaware limited liability company (the “Adviser”), and the Grayscale Funds Trust (“Licensee” or “Trust”), a Delaware statutory trust, on behalf of certain exchange-traded fund series of the Trust identified on Exhibit A, as it may be amended from time to time (the “Funds” or “Products”).
EXHIBIT A to the FUND ACCOUNTING SERVICING AGREEMENT Dated May 17, 2024 between GRAYSCALE FUNDS TRUST and (as of January 27, 2025)Fund Accounting Servicing Agreement • January 27th, 2025 • Grayscale Funds Trust
EXHIBIT A to the FUND TRANSFER AGENT SERVICING AGREEMENT Dated May 17, 2024 between GRAYSCALE FUNDS TRUST and (as of January 27, 2025)Fund Transfer Agent Servicing Agreement • January 27th, 2025 • Grayscale Funds Trust
FUND ADMINISTRATION SERVICING AGREEMENTFund Administration Servicing Agreement • April 23rd, 2025 • Grayscale Funds Trust
THIS FIFTH AMENDMENT is made and entered into as of the last day written on the signature page (the “Effective Date”), by and GRAYSCALE FUNDS TRUST, a Delaware statutory trust (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC d/b/a U.S. BANK GLOBAL FUND SERVICES, a Wisconsin limited liability company (“Fund Services”).
SIXTH AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENTTransfer Agent Servicing Agreement • June 3rd, 2025 • Grayscale Funds Trust
THIS SIXTH AMENDMENT is made and entered into as of the last day written on the signature page (the “Effective Date”), by and between GRAYSCALE FUNDS TRUST (the “Trust”) U.S. BANCORP FUND SERVICES, LLC d/b/a U.S. BANK GLOBAL FUND SERVICES, a Wisconsin limited liability company (“ Fund Services”).
EXHIBIT A to the FUND ADMINISTRATION SERVICING AGREEMENT Dated May 17, 2024 between GRAYSCALE FUNDS TRUST and (as of January 27, 2025)Fund Administration Servicing Agreement • January 27th, 2025 • Grayscale Funds Trust
SIXTH AMENDMENT TO THE ETF CUSTODY AGREEMENTEtf Custody Agreement • June 3rd, 2025 • Grayscale Funds Trust
THIS SIXTH AMENDMENT is made and entered into as of the last date on the signature page (the “Effective Date”), by and between, GRAYSCALE FUNDS TRUST, a Delaware statutory trust (the “Trust”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America with its principal place of business at Minneapolis, Minnesota (the “Custodian”).
FIFTH AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENTTransfer Agent Servicing Agreement • April 23rd, 2025 • Grayscale Funds Trust
THIS FIFTH AMENDMENT is made and entered into as of the last day written on the signature page (the “Effective Date”), by and between GRAYSCALE FUNDS TRUST (the “Trust”) U.S. BANCORP FUND SERVICES, LLC d/b/a U.S. BANK GLOBAL FUND SERVICES, a Wisconsin limited liability company (“Fund Services”).
EXHIBIT A to the CUSTODY AGREEMENT Dated May 17, 2024 between GRAYSCALE FUNDS TRUST and (as of March 28, 2025)Custody Agreement • March 31st, 2025 • Grayscale Funds Trust
ETF FUND ACCOUNTING SERVICING AGREEMENTEtf Fund Accounting Servicing Agreement • April 23rd, 2025 • Grayscale Funds Trust
THIS FIFTH AMENDMENT is made and entered into as of the last day written on the signature page (the “Effective Date”), by and between GRAYSCALE FUNDS TRUST (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC d/b/a U.S. BANK GLOBAL FUND SERVICES, a Wisconsin limited liability company (“Fund Services”).
ContractPurchase Agreement • July 29th, 2024 • Grayscale Funds Trust